Shurooq, RAK Investment explore opportunities

09/02/2014 07:36 AST

The Sharjah Investment and Development Authority (Shurooq) recently met with the RAK Investment Development Office to discuss possible opportunities for cooperation between the two organisations.

The meeting took place between Shaikh Omar bin Saqr Al Qasimi, executive director at the investment and development office, Government of Ras Al Khaima and Marwan bin Jassim Al Sarkal, CEO of the Sharjah Investment and Development Authority.

Al Qasimi said: “Communication and collaboration between the entities charged with developing the UAE’s seven emirates are vital if we are to achieve both our individual and collective goals. Ras Al Khaimah and Sharjah both have a great deal to offer potential investors and by strengthening our ties and ensuring open and transparent channels of communication, our two emirates can create a synergy that will result in an offering that is greater than the sum of its parts.”

“We have a great deal to gain from exchanging experience and expertise and look forward to working together even more closely in the future,” he added.

Al Sarkal noted: “As an entity our mandate is to find ways in which to develop Sharjah, yet we are also very aware that Sharjah does not exist in isolation. It is inextricably linked to each one of the other emirates and ultimately our greatest wish is to see the entire UAE grow and flourish – on all levels.”

”As a nation we are strongest when we stand together, and this is just as true from the perspective of governmental and non-governmental authorities and organisations. Through meetings such as this one with our esteemed colleagues from Ras Al Khaimah, we want to ensure that strong bonds of cooperation are forged and maintained, so that we may all share in the many successes still to come,” he said.

Al Sarkal gave a brief introduction on Shurooq’s completed projects, including Al Qasba, which includes the iconic Etisalat – Eye of the Emirates, the Masrah Al Qasba Theatre, and the Maraya Art Centre; the Al Majaz Waterfront and its accompanying Maraya Art Park; as well as the Flag Island, which is still set to undergo further development.

He further gave an overview of a the extensive range of projects that Shurooq currently have under development including the five-phase 15-year historical restoration project, the Heart of Sharjah; Al Jabal Resort-The Chedi Khorfakkan, which is set to become the most luxurious resort destination in the Emirates.

Khaleej Times