Shurooq to invest in Australia, US, GCC and Arab countries

Shurooq to invest in Australia, US, GCC and Arab countries

Local News, Uncategorized















SHARJAH / WAM

Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq), announced that it is currently considering investing in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar.

Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and the US, he noted, adding that it also plans to invest soon in fish farming and vertical agriculture.

In an exclusive interview with the Emirates News Agency (WAM), Al Sarkal stressed that the vision of Shurooq is to expand its trademark globally like other national companies, such as Emirates and Etisalat. It is now engaged in tourism, environment, transport and project management sectors and will soon invest in health, education and robotics.

Shurooq plans to expand the Sharjah Sustainable City and establish additional facilities in Maryam Island, which began with four facilities but now comprises 38. It has partnered with Emirates Transport to increase its vehicle fleet to 400.

The company also forged a strategic partnership in water recycling, which they plan to benefit from in terms of irrigation, he further