FINANCIAL NEWS

Shurooq plans new tourism project in Sharjah

06 Aug 2012

(MENAFN) Sharjah Investment and Development Authority (Shurooq) unveiled plans to launch Al Hisn Island in the eastern region of the emirate, its third major tourism project, Arabian Business reported.

The project, located in Dibba Al Hisn, is pending the approval of Sharjah Ruler Dr Sheikh Sultan bin Mohammed Al Qasimi.

Over USD136 million will be invested in the project, according to Shurooq, following recently announced plans for the Chedi Khorfakkan Resort and the Kalba Eco-tourism project.

Marwan bin Jassim Al Sarkal, CEO of Shurooq, said the project was part of plans to develop the eastern region to drive economic growth, and attract investments that help create jobs locally.

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