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MENAFN - 14/05/2014
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(MENAFN) Sharjah plans to award USD2.99 billion worth contracts for new pipeline projects by 2015, according to the Emirates 24/7.

Sharjah has awarded USD5.17 billion worth projects in 2012 and 2013, three times the rate of the previous two-year period to the end of 2011.

If Sharjah major contract awards reach USD2.99 billion for 2014, that would represent a 25 percent rise on majorcontract signings last year.


Julian Herbert, Director of Meed Projects, said: "Sharjah is just beginning to capitalize on its earlier investments in Hamriyah Free Zone and Khorfakkan. Based on economic growth and growth in the population of the #UAE as a whole, this emphasis on the processing of recyclable materials and manufacturing, positions Sharjah well to grow in tandem with the UAE."

 
 


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