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SAM launches stage 2 land plots at Al Saja's Industrial Oasis

Sharjah - The launch of plot sales in ASIO's Stage 1 development was hugely successful

Sharjah Asset Management, or SAM, the investment arm of the government of Sharjah, on Thursday launched the Stage 2 land plots at Al Saja's Industrial Oasis (ASIO).
The launch of plot sales in ASIO's Stage 1 development was hugely successful, according to top officials of SAM. Al Saja'a Industrial Oasis is SAM's freehold and 100-year leasehold development, for industrial, mixed use and retail use. Individuals and companies of all nationalities will be welcome to bid on the plots - the first time the sale of land for industrial use to non-UAE or GCC nationals has been offered, in Sharjah. A total of 114 plots will be available, as part of the Stage 2 development, with sizes ranging from 13,854 sq ft. to 112, 255 sqft.
"With construction anticipated for completion in October 2016, companies or individuals looking for light to medium use, industrial mixed use, and retail land plots, in one of the region's most business-friendly locations, will now have the opportunity to register their interest in purchasing Stage 2 plots, at the launch event," Sharjah Asset Management chief real estate officer Gregg Downer said.
Located just five kilometres from both Sharjah International Airport and Al Hamriya Port, Al Saja'a Industrial Oasis offers direct access to world-class logistical infrastructure; ideal for companies to import, export or re-export goods and materials - both into and out of the UAE. SAM follows a varied yet strategic approach to its investments.
Sectors it invests in include finance and trade, logistics, technology, real estate, transportation, industrial, and oil and gas.
Al Saja'a Industrial Oasis aims to further position Sharjah as an ideal environment of steady economic growth, a major centre for logistics and oil and gas development, as well a being a platform for a flourishing industrial and real estate sector, in the region.
Al Saja'a Industrial Oasis' land holdings stretch over an area of 14.1 million sq.ft. with a salable area of 10.5 million sq.ft. A total of 353 plots are available for industrial, mixed use, retail and staff accommodation uses.
- abdulbasit@khaleejtimes.com