Sharjah’s package will open more investment avenues
- 07 Nov 2020
Inayat-ur-Rahman
The generous second package of incentives which comes under the directives of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council, SEC, reaffirms Sharjah’s commitment to achieving more investment attraction in various fields.
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This was stated by Issa Ataya, CEO, Alef Group during an exclusive interview with Gulf Today, adding that this great move will further ensure a sustainable development that covers investment, as well as work and life. "The package shows the leaders’ dedication to mitigating the severity of the economic and social impacts from the global COVID-19 pandemic."
"We appreciate and value these incentives, which offer support to the real estate industry. Reducing buyers’ fees for non-GCC citizens from 4% to 2% will revive the market and encourage more investment from the UAE and beyond. We tribute the initiative of His Highness, the Ruler of Sharjah, who supports the emirate’s wheel of development and economic growth and continues to enhance the emirate’s economic and investment position," Ataya concluded.