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FINANCIAL NEWS
UAE- Sharjah to establish huge eco-tourism project
02 May 2012
(MENAFN) Sharjah Investment and Development Authority’s (Shurooq) CEO, Marwan bin Jassim Al Sarkal, stated that starting this month, the emirate will begin the construction of a huge eco-tourism project in the city of Kalba, reported Emirates 24/7.
Al Sarkal added that the authority plans to raise over USD272 million in private investments for the project, whereas the rest will be financed by the government.
Moreover, the project, which is expected to complete in nearly 6 years, will create 5,000 new jobs for both nationals and foreigners.
He also said that the project will include natural reserves, in addition to various tourist and commercial facilities.
It is worth noting that the government will invest in the establishment of the discovery centre, which is part of the first phase of development that includes the release of the animals in the protected areas.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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