Page 8 - Al Tijarah - September 2020
P. 8

AED 6.2 billion in real estate trading in

                                Sharjah during the first half

         Sharjah's  real estate sector achieved a                             Crown  Prince and Deputy Ruler of
         volume of property deals reaching AED                                Sharjah, and their great support for the
         6.2 billion during the first half of this year,                      continued growth of this vital sector, and
         through 28,710 transactions, an increase                             ensuring  ability of  this sector continue
         of 4.1% in total transactions for the first                          to grow and overcome all hurdles and
         half of this  year compared to the same                              obstacles."
         period last year, while  the  volume  of
         space traded in sales transactions reached                           He explained that the government, thanks
         15.3 million square feet, according to the                           to the guidance of our  wise leadership,
         annual report of the  Real  Estate  deals                            has always been a pioneer in providing all
         in areas and cities of the emirate issued                            forms of support to the business sector
         by the  Sharjah Real Estate  Registration                            in the emirate, and is keen to strengthen
         Department.                       continues to  accumulate achievements   Sharjah’s position as a distinct investment
                                           and overcome  challenges  thanks  to the   destination, pointing to the  package
         Abdulaziz  Ahmed Al Shamsi,  Director   great support  of our  wise government   of incentives and decisions recently
         General of Sharjah Real Estate Registration   led by His Highness Sheikh Dr. Sultan   approved by the Government of Sharjah
         Department, said: "Sharjah's  real estate   bin Mohamed Al Qasimi, Member of the   to  overcome the Coronacrisis impact,
         sector plays one of  the most important   Supreme Council and Ruler of Sharjah,   which  included exempting  the  value  of
         economic tributaries of the Emirate in   and the follow-up of His Highness Sheikh   3 months from annual fees  for business
         particular and the UAE in general, and   Sultan bin Mohamed bin Sultan Al-Qasimi,   facilities.

         Hamriyah Free Zone announces the opening of the

                     first Multi-Functional Offshore Facility

         The Hamriyah Free Zone Authority has
         strengthened its position as a prominent
         destination for global industrial companies
         with the announcement of Orient Source
         Hong Kong (OSHK), the world's leading
         group of companies specializing in trade,
         finance, ship repair and logistics, the launch
         of the first phase of its new project in the
         Hamriyah Free Zone with the opening of
         the first multi-purpose marine commercial
         facility on a total area of 247,570 square
         feet in Sharjah's Hamriyah Port, reflecting
         Sharjah’s unique position as an important
         hub for attracting industrial companies
         around the world.
                                           of Hamriyah Free Zone & Sharjah Airport   Through its new project, Orient Source
         The announcement of the facility’s launch   International Free Zone and Mr. Alistair   Hong Kong aims to implement  energy
         was made during the signing of the deal   Sean Jeffries - CEO of Orient Source Hong   and infrastructure projects in the UAE
         by H.E. Saud Salim Al Mazrouei - Director   Kong.                    and the GCC, and the first phase comes in
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