Sharjah joins forces with major Malaysian engineering firm
SHARJAH, July 5, 2020
Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has launched a new company in partnership with CHSS, the largest engineering consulting firm in Malaysia.
The new alliance, called Asool CHSS, will work to provide the most effective levels of engineering solutions in order to support and enhance the development of infrastructure and urban projects in the emirate of Sharjah.
A major player in the Asian region, CHSS Consultants has implemented projects in many countries around the world and has a staff of up to 2,100 people including 1,000 specialised engineers.
CEO Walid Al Sayegh pointed out that the emirate was fast emerging as a preferred option for investors and investments. "This is apparent through the increase in international companies seeking to enter the region’s markets, such as the engineering consultancy firm CHSS, which is the largest engineering company in Malaysia," he stated.
"SAM has managed, in line with its continuous efforts aimed at consolidating relations with major international companies, to achieve this exciting new alliance with CHSS," remarked A Sayegh.
"The joint venture will constitute a major value to projects in the Emirate of Sharjah, which is always keen to adhere to the policies of the open market and provide all the facilities necessary to support investment and companies of all sizes and sectors," he added.
HSS Enngineers Executive Vice Chairman Kuna Sittampalam said: "We are excited to join hands with SAM and look forward to a productive business relationship. We are eager to welcome the UAE fresh engineers as they visit our group in Malaysia to get first-hand experience and knowledge of the process of managing large scale projects."
"This will be in the form of short programmes or long internships which will allow the engineers to return home with a wealth of experience to benefit their local society," he stated.
CHSS General Manager George Saeed Khuraish said: "It is our pleasure to enter into an alliance with Sharjah Asset Management, and we will do our utmost to provide the best possible engineering solutions for future projects."
"With our working relationship with government agencies and private companies in the Emirates spanning over the last decade, we are certain that this alliance will contribute to strengthening these relationships even further," he added.
The General Manager also praised the great development witnessed in the urban development sector in Sharjah. He commended the way in which the emirate was able, within a few years, to develop a suitable environment for real estate investment, becoming a leading figure in the sector.
This is demonstrated by the various high quality and distinguished projects in the emirate which reflect the confidence that investors place in the real estate market in Sharjah.
Abdulaziz Fikry has been appointed CEO of the new company, which will serve Sharjah through its amassed experience, studies, and research.
Fikry said: "There are many investment opportunities provided by Sharjah in various sectors, including the real estate sector, and the construction and infrastructure sectors, so we expect great success for this new entity during the coming period, especially in light of the facilities provided by the emirate to investors from all over the world."
