SIDA Begins Talks To Raise Capital For Sharjah Tourism Projects

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.