Sharjah is open to idea of forming joint ventures (JVs) and creating public private partnerships (PPP) with investors in an effort to attract more foreign direct investment into the emirate, a senior government official has revealed.
“One of our mandates is to attract investors to Sharjah. We are attracting them to the sectors, which as per our studies, are going to offer a good return to them… it could be a joint venture, build, operate and transfer, or public private partnership model… we are open to all of it,” Marwan Jasem Al Sarkal, chief executive officer, Sharjah Investment and Development Authority (Shurooq), told Emirates 24|7.
“We want to make sure that the project is feasible from the financial point of view and will add value to the emirate. We are looking at projects, which are going to make a change in Sharjah’s economy and will provide jobs for Emiratis.”
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