Gulf Royals Invest in New Business District in Sharjah
March 6, 2025 - 14:37
In a significant move to enhance the UAE's commercial landscape, a prominent property firm has announced a substantial investment in the development of a new business park in Sharjah. The company, founded by the son of Saudi Arabia’s Prince Alwaleed bin Talal and a member of Sharjah’s ruling family, has awarded a contract worth 604 million dirhams (approximately $164 million) for the initial phase of the project.
This ambitious venture aims to create a modern business district that will attract both local and international companies, bolstering economic growth in the region. The development is expected to feature state-of-the-art office spaces, retail outlets, and various amenities designed to foster a dynamic business environment.
As the UAE continues to position itself as a global business hub, this investment reflects the confidence of Gulf royals in the ongoing potential of the region's property market. The new business park is anticipated to contribute significantly to Sharjah's economy and enhance its appeal to investors and entrepreneurs alike.
MORE NEWS
March 20, 2026 - 01:43
Curis Provides Fourth Quarter 2025 Business UpdateCuris, Inc., a biotechnology firm, has provided a comprehensive business update for the final quarter of 2025, highlighting advancements in its clinical pipeline and detailing its financial...
March 19, 2026 - 05:55
Acute kidney injury after TAVR: Key risk factors every cardiologist should knowNew research is bringing into sharp focus the critical danger posed by acute kidney injury (AKI) in patients undergoing transcatheter aortic valve replacement. This post-procedural complication is...
March 18, 2026 - 05:29
Green Bay Fire issues update on business blaze still active after 24 hoursGreen Bay Metro Fire Department officials are providing ongoing updates as a significant commercial fire remains active more than 24 hours after it initially ignited. The stubborn blaze, located in...
March 17, 2026 - 02:20
Charles Payne: Everybody is talking about business moatsThe concept of the `economic moat` has moved from Wall Street jargon to a central topic of discussion for investors and executives alike. This principle, which describes a company`s sustainable...