H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No 57 of 2017, amending Emiri Decree No 2 of 2009 on the establishment of the Sharjah Investment and Development Authority, Shurooq.

The Emiri Decree No 57 stipulates the amendment of Article 5 of Emiri Decree No 2 of 2009 , adding new competencies to Shurooq that include the establishment of different types of companies, holding partnership thereof, shares in their capital or being party to their contracts, be it local or international; management, operating and development of enterprises, establishments, buildings and utilities, both inside and outside the emirate, as well as any other responsibilities to be entrusted to the Authority by the Ruler of the Emirate.

The decree goes into effect as of the date of its issuance and shall be issued in the Official Gazette..

Source: Wam