General Travel News

SIDA Begins Talks To Raise Capital For Sharjah Tourism Projects

Sharjah Investment and Development Authority (SIDA) has begun talks with banks in order to raise capital for investment in tourism projects worth Dh10 billion.  SIDA chief executive, Marwan J. Al Sarkal, confirmed that “Yes we have started talks with banks to raise capital for the development of tourism projects in the emirate of Sharjah.”  He said the investment will probably be obtained through an Islamic instrument, most likely a sukuk.

In February of this year Shurooq was established by decree to encourage investment and economic diversity.  Shurooq will invest in real estate, tourism, commercial and industrial development projects.   It was modeled in a way similar to the Tourism Development and Investment Company (TDIC). However, Al Sarkal said their mandate is wider and they have identified a number of tourism projects including redevelopment of Jazeera Park and a mangrove site in Kalba, and development of heritage site.  The mangrove site in Kalba will be turned  into a pure eco-tourism site by developing a resort.
 

More General Travel News
Family summer holiday destinations
3 amazing honeymoon destinations
Dusit Thani Abu Dhabi becomes “Official Hotel Partner” of Abu Dhabi Summer Season 2017
Latest Travel News
Family summer holiday destinations...
Iconic Sheraton Cairo reopens after exte...
Qatar Airways launches direct flights to...
Featured Sights To See
Cadman's Cottage

Cadman's Cottage

Sydney, Australia

Address: 110 George Street Tel: (02) 9247 5033/8861. Website: www.nationalparks.nsw.gov.au Opening hours: Mon-Fri 0930-1630; Sat and Sun 1000-1630. Admission: Free...

Battleground of Trenches (i.e. Khandaq)

Battleground of Trenches (i.e. Khandaq)

Madinah, Saudi Arabia

This is the area where the Prophet (PBUH) along with his companions dug the trenches to prevent the enemy, the non-Muslims, from entering Madinah. Although the trenches have been replaced by a metal road which may turn out to be a little disappointing we still recommend that you at least visit the location.  ...

Diamond Harbor

Diamond Harbor

Christchurch, New Zealand

A small settlement on the Bank Peninsula and administratively a part of Christchurch, the Diamond Harbor is of scenic beauty with its shinning waters and green shrubs around the hilly areas. A few hours here can refresh tourists of the busy city life and open doors to many more activities like rock climbing, sailing, picnicking, cycling, swimming and snorkeling with dolphins. This route through di...

Flame of Liberty

Flame of Liberty

Paris, France

The Flame of Liberty is a full size gold covered replica of the flame held by the Statue of Liberty in New York City.  It is located near the Pont de l'Alma, where Princess Diana died in a car crash in 1997, and is considered by many an unofficial memorial to the beloved Princess.  People the world over flock here to lay flowers and messages.  The flame was donated to the city by the Int...