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.