Video: Sharjah's multi-billion real estate plans

Wed 18 Apr 2018 10:12 AM GST
The chairman of Tilal Properties and Arada Developments, Sheikh Sultan bin Ahmed Al Qasimi, is spearheading some massive 'city within a city' projects that could radically reshape Sharjah.

In light of the ceaseless progress elsewhere in the UAE, it is perhaps easy to overlook Sharjah’s rapid development in recent years.

The pace of change is no less impressive than its more conspicuous neighbours, with high-rise towers now jostling for position with the more compact, low-rise downtown along the Corniche.

It might not appear in global ad campaigns or occupy many billboards, but brand Sharjah has been backed by considerable investment and rewarded with plenty of commercial confidence.

Sharjah’s forward-thinking leadership, though, is trying to steer the next phase of its development in a new direction – both thematically and geographically – by shifting away from the congested core that has spawned twice-daily traffic snarls that clog up the roads toward Dubai.

At the forefront of this gear change is Sheikh Sultan Bin Ahmed Al Qasimi.

While he has at least 12 job titles to his name in both the public and private sectors, it’s the dual chairmanship of the Sharjah’s leading development firms Tilal Properties and the more recently formed Arada – founded in conjunction KBW Investments, the holding company founded by Saudi Arabia’s Prince Khaled Bin Alwaleed Bin Talal – that have been attracting the right headlines and, most importantly, the right investors.

In this edition of Inside AB, Jeremy Lawrence and Eddie Taylor take a look at those plans and what this means for the emirate.

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(Source: Arabianbusiness.com YouTube channel)