Sharjah Asset Management, the investment arm of the government of Sharjah, UAE, has joined hands with Eskan Real Estate Development to set up  Tilal Real Estate, a new venture that will help the establishment, development and management of real estate projects in the emirate.

Commenting on the launch, Sheikh Sultan bin Ahmed Al Qasimi, the board chairman of Tilal Real Estate, said the vision of Tilal was founded in the developmental boom achieved by Sharjah.

"The emirate now enjoys a robust infrastructure that attracts investments and a significant economic base at the level of the Gulf region," he remarked.

He said the company’s first project would be Tilal City, a 25-million-sq-ft development along  Emirates Road.

Sheikh Sultan said the company aims to develop a series of real estate projects in Sharjah in line with global quality standards to help further improve the emirate’s real estate and tourism sectors.

Sharjah’s real estate market heralds further growth in light of the strong confidence it has earned from international investors, he added.-TradeArabia News Service