The Emirate of Sharjah has been ranked 3rd for investment in the GCC
For immediate release
24 May 2017
Al Saja’a Industrial Oasis (ASIO) is a new industrial development that has revitalised the real estate and commercial sector of Sharjah. Ranked 3rd for investment in the GCC, the Emirate of Sharjah has the largest SME Sector in the region and is widely regarded as a prime investment hub with over 45,000 companies.
As the outlook for the UAE remains positive for 2017, government and government-related entities are continuing to invest in industrial infrastructure in Sharjah and throughout the UAE. Returns on Investments (ROI) typically range 8 – 12% and real estate prices remain competitive when compared to the rest of the region. In the long run, ASIO aims to raise the profile of the emirate as a major logistic hub and make it an optimal platform for the industrial and real estate sectors.
A sales showcase for ASIO took place on 23 May 2017, jointly hosted by Sharjah Asset Management, the investment arm of the Sharjah Government, and Knight Frank, internationally renowned real estate consultants, at the prestigious Sheraton Sharjah Beach Resort & Spa.
Abdelaziz Fikri, Senior Manager of ASIO, bookended the event with a positive note: “We are heartened and delighted by investor interest in ASIO, both local and foreign. Sharjah’s economy is booming with new business facilities, industrial activity, investments and sector diversification. These factors, coupled with 0% interest payment plans and state of the art infrastructures available at ASIO, make it an excellent investment for those looking to expand their business in the region.”
Likewise, Matthew Dadd, Partner at Knight Frank, added: “We are keen to be in Sharjah to promote and sell plots. As an important driver of GDP to the Emirate, having an event for local companies and investors is important. Events like these attract those from neighbouring Emirates who can witness the ongoing improvement and investment being undertaken.”
Due to ASIO’s excellent location, available tenures for Arab and non-Arab nationals, 40% lower rents than other warehouses in Dubai, and modern industrial infrastructure, it is poised to become one of the UAE’s leading industrial developments that will fuel major economic growth in the near future.
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