Sharjah Asset Management, the investment arm of the Government of Sharjah, has today announced their first ever sale of freehold land plots for GCC nationals and UAE’s Arab residents and long-term leasehold (Usufruct) right for 100 years for UAE’s residents of other nationalities being offered for sale at Al Saja’a Industrial Oasis in the Emirate of Sharjah.

Strategically situated in close proximity to Sharjah International Airport and Al Hamriya Port with frontage and direct access from Emirates Road (E611), Al Saja'a Industrial Oasis comprises some 353 land plots, stretching over 14 million sq. ft. of area, already approved and being developed for light and medium industrial uses, mixed use with some retail and a large plot for staff accommodation. Hand over of the land plots is expected to be available after 31st October 2016.

With the announcement of freehold and Usufruct right land plots now being available for light and medium industrial, mixed use, some retail and a large plot for staff accommodation at Al Saja’a Industrial Oasis development, the move signals the further commitment of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah's vision to create a strong and diversified economy and to further boost the competitiveness and prosperity of the UAE’s third largest domestic economy.

"Sharjah maintains one of the finest industrial areas in the Gulf region and today’s announcement can only further enhance the Emirate’s reputation for its long-term commitment to this sector," said Gregg Downer, Chief Real Estate Officer, Sharjah Asset Management.

"Sharjah Asset Management's investments involve diverse yet strategically focused developments in sectors such as financial and commercial investments, logistics, technology, real estate, transportation, industrial, as well as oil and gas," Downer added.

The launch of Al Saja'a Industrial Oasis is in line with the visionary long-term plan of the Government of Sharjah, which seeks to expand the Sharjah industrial real estate sector to address ongoing demand and to provide ready access along its strategic growth corridors.

Source:WAM