Sharjah Asset Management launches new investment projects


Sharjah Asset Management launches new investment projects

Rashid Burhima, director of new commercial projects at Sharjah Asset Management Company, the investment arm of the Government of Sharjah, announced that the company, within the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the company’s future vision, will launch next July the first phase of a new investment project in the infrastructure provides 1,800 megawatts of electricity and serves a large residential area, in cooperation with American and Japanese companies, pointing out that the second phase of the project will end in May of next year 2023.

Burhima added that the Sharjah Electricity, Water and Gas Authority has committed to buying electricity from the new project, noting that this project will attract many foreign investments to the emirate.He stated that the company is working to launch projects in food security and achieve self-sufficiency by launching projects in the fruit and vegetable cultivation sector and the dates project, where the company currently owns in its portfolio, in cooperation with another party, the “Tas’eel” company with a commercial name bearing “Frouj Al Dhaid”.
He added that the company is keen to diversify its investments and sources of income in a variety of different sectors and seize the appropriate opportunities with a successful investment return.He continued, “The company, in cooperation with the Sharjah Human Resources Authority, is working to provide jobs for citizens and increase the percentage of Emiratisation to provide high-level services to citizens and residents, and is committed to developing them on an ongoing basis,” adding that the company is working to promote its projects by participating in specialised investment exhibitions.

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