First phase of Sharjah Waterfront City launched


February 20, 2018 | By RetailME Bureau

Sharjah-based developer Sharjah Oasis Real Estate Co announced the 16.6 million sqft Sharjah Waterfront City today, February 20. Work on Phase I, the Sun Island of Sharjah Waterfront City, the largest mixed-use master-planned waterfront community in the Northern Emirates, has already begun.

The landmark announcement came as Sharjah Oasis Real Estate Co, handed over two power transmission and distribution plants. The power plants, built with a cost of AED250 million and with its own resources to ensure uninterrupted supply of up to 700 megawatts (MW) electricity – enough to power the entire urban waterfront community where more than 60,000 people are expected to live, work and enjoy life when complete.

Sheikh Abdullah Al Shakrah, chairman of Sharjah Oasis Real Estate Co LLC, formally handed over the power transmission and distribution plants to Dr Rashid Alleem, chairman of Sharjah Electricity and Water Authority (SEWA) during a press conference held at the Sharjah Waterfront City head office.

It is one of the first such developments where the private developer has built its own large power distribution and transmission plant and handed over the assets to the state-owned public utility, SEWA.

“I am pleased to announce the completion of AED3 billion worth of infrastructure works within Sharjah Waterfront City. The scope of work included the removal of 12 million cubic metres of sand to dig 3.5 metres deep canals with width spanning 100-300 metres and create eight islands within the landscape that helped us to create 20 kilometres of new coastline and beachfront properties,” says Sheikh Al Shakrah.

“As part of the infrastructure projects, we have moved and installed 5 million tonnes of rocks to create breakwater and marina quays and the protection of water channels, in addition to the construction of bridges, roads and power transmission and distribution plants, which cost AED250 million,” he adds.

Describing Sharjah Waterfront City – ‘Ajmal Makan’ which in Arabic means the ‘most beautiful destination on earth’ – Sheikh Al Shakrah, compared the project to a precious pearl within a large shell. “It is a city within a city and features integrated facilities where people can live, work and relax shop, dine and enjoy the best lifestyle. Sharjah Waterfront City stretches over 60 million sqft of the Gulf’s pristine coastline, making it an ideal destination for residents and tourists.”

The project consists of eight islands to create a vibrant community of 60,000 people living in 1,500 luxury villas and smart homes, 95 mixed-use towers, and many hotels, shopping centres, and stylish office complexes, a water theme park and a marina with a capacity of 800 berths.

The project’s flagship mall with a GLA of over 2.5 million sqft, located on the Sun Island, is projected as a shopping, leisure and entertainment destination. A series of eight islands, flowing between the natural channels spread over 36 kilometres of coastal land on the northeast coast of Sharjah, where clean and pure blue seawater is renewed in its channels every 12 hours, in line with the high and low natural tide coming from the Arabian Gulf.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau




Download Images RetailME Magazine