UAE: Sharjah

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Looking to boost investment in its key industrial sector, Sharjah is broadening the scope of its promotional activities, with these aimed at showcasing local manufacturers and the opportunities on offer in the emirate.
The outlook for 2011 is one of correction and consolidation for Sharjah’s real estate sector. The market should slowly start to pick up, though recovery is expected to be modest in the shorter term before gaining momentum.
Sharjah is positioning itself as a safe, family-friendly option for holidaymakers, with a selection of attractions and events the authorities hope will make it stand out from the crowd.
New legislation restricting foreign investment in real estate has brought a welcome end to speculation over the issue while at the same time clarifying the transaction process. As such it is being heralded as a significant step forward for the sector
Sharjah is moving to strengthen the foundations needed for industrial expansion, building on existing infrastructure and working to attract further investment to its manufacturing sector, both at the direct production level and for supporting services.
By working to improve the emirate's distribution grid and secure new sources of gas to turn the turbines, Sharjah is hoping to avoid the power shortages that effected industrial growth last year.

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