Tuesday , August 22 2017

Shams, Cluttons sign deal on realty market feasibility study

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Sharjah / WAM

Sharjah Media City, Shams, the world-class free zone hub for innovation, has signed an agreement with leading property consultancy Cluttons, to conduct market feasibility and analysis studies on relevant real estate products and options for Shams.
The company is also assigned to develop innovative, high quality real estate solutions.
“We are delighted to welcome our strategic partner, Cluttons, who boasts a wealth of experience in real estate investments. We are confident that the company’s knowledge, advice and expertise regarding mega multi-purpose projects will prove invaluable to Shams,” said Dr. Khalid Omar Al Midfa, Chairman of Sharjah Media City.
Shams, which was established in February 2017 under a decree by H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, offers a new dimension to Sharjah’s already diverse offering in terms of media, knowledge, thought, culture and investment. As a global centre for innovation, Shams is transcending the concept of a conventional free zone to represent a more comprehensive and more sustainable city.
Al Midfa explained, “As an emirate that embodies investment, media, culture and knowledge, we realised the need to establish a city specifically focused on attracting entrepreneurs and media professionals. As such, Shams serves as an integrated city where the diverse needs of those working in the media and investment fields and their families are sufficiently met, while also
creating a conducive investment environment, the hallmarks of which are
excellence, creativity and innovation.
He added, “Through Shams, Sharjah seeks to ensure regional leadership in the field of education, media and creative training. The goal is to enable the development of top quality media content by providing an innovation-based environment that enjoys world-class infrastructure at reasonable costs, thus enabling everyone, from entrepreneurs to large companies, to become actively engaged in creative media sectors. This, in turn, will benefit the emirate as Sharjah’s capabilities and expertise in these areas will be promoted regionally and globally.”
Al Midfa noted that these objectives are achievable through this new partnership with Cluttons, which aims to establish Shams an attractive environment for those operating in the global media and investment industries.
Speaking on behalf of Cluttons, Senior Partner Steven Morgan said, “We are honoured to collaborate with Sharjah Media City, which represents a unique model for a modern media and investment zone, and are keen to consult on and provide a wide spectrum of integrated accommodation, commercial and real estate services in Sharjah.”

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