Economy Local October 27, 2024

Sharjah Investment Authority Reports 40% Progress

The Sharjah Investment and Development Authority (Shurooq) has announced a 40% completion rate for its latest projects aimed at boosting economic growth in the region.


Sharjah Investment Authority Reports 40% Progress

As part of the strategy for the development and strengthening of the economy, Sharjah Regional Investment Authority (Shurooq) has completed 40% of the work on the creation of a new agropolis on an area of 8.2 square kilometers. The project, costing 330 million dollars, aims to develop the citrus and agricultural sectors.

"The main purpose of this project is to ensure food security and contribute to the development of agriculture in the region," noted a representative of Shurooq.

The agropolis will include modern facilities and technologies for the production of agricultural products year-round. It is anticipated that the new agropolis will create more than 3000 jobs and will facilitate the increase of export of agricultural products from the region.

It is expected that the completion of the agropolis construction will bring significant benefits to local farmers and ensure sustainable development of the agricultural sector in Sharjah.