Shurooq appoints CEO for US$ 544 mn Sharjah Sustainable City project

Posted on 13th May 2019

Shurooq appoints CEO for US$ 544 mn Sharjah Sustainable City project
Image courtesy of: https://www.arabianbusiness.com/sites/default/files/styles/full_img/public/images/2019/03/27/Sharjah-sustainable-city-%281%29.jpg

According to *Arabian Business news report, Sharjah Investment and Development Authority (Shurooq) has announced the appointment of Yousef AlMutawa as the CEO of the $544 million Sharjah Sustainable City project.

Launched in March by Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, it is the first urban mixed-use real estate and property project in the emirate that will meet the highest standards of green economy and environmental sustainability.

The project, for which sales are open for buyers and investors, is the outcome of a partnership between Shurooq and Diamond Developers.

AlMutawa is also Shurooq’s director of operations.

Marwan bin Jassim Al Sarkal, executive chairman of Shurooq, said the appointment of AlMutawa reflected the authority’s vision to invest in young leaders and support them to play a key role in driving the development of Sharjah and the UAE.

AlMutawa added: "Taking a leading role in Shurooq, one of the key drivers of economic and investment growth in Sharjah, is an exceptional opportunity to take part in the development of the economic sector in the emirate as well as enrich my career."

Sharjah Sustainable City is being developed on a 7.2 million sq ft plot and will feature 1,120 villas and offer up to 100 percent savings on electricity and water bills.

The community will also have eight green houses with vertical farms and will boast a fully integrated and autonomous shuttle service.

It aims to be the emirate’s first net zero energy community in the emirate, and will also include a shopping centre, a venue to host social events, health clubs, swimming pools, cycling and jogging tracks, restaurants, nurseries, medical clinics and a mosque.

*News source: https://www.arabianbusiness.com/construction/419609-ceo-appointed-to-544m-sharjah-sustainable-city-project

Related project: The Sustainable Sharjah


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