The GCC-based Industrial City Development Company, led by Al Hanoo Holding Company, has unveiled the Emirates Industrial City (EIC) project to be based in Sharjah.

The Dh3 billion ($817 million)  project will be developed on 83 million sq ft of industrial land in Sharjah. It will be located at the Al Saja’a area and will be an extension to the already existing industrial area of the city.
Development has started with 50 per cent of the land being flattened and the remaining to be completed by early 2005.
EIC will consist of four blocks forming a square. The first block will include 20 million sq ft of warehouses and the other three blocks will include 63 million sq ft of industrial land. The three blocks will be surrounded by a number of four-storey buildings that would be used for office, labour accommodation and residential purposes.
The project, expected to be complete by 2007, is the first for Industrial City Development Company (ICDC) in the UAE. “We see Sharjah as an ideal and strategic location for this project. Considering the emirate has the bulk of the industries in the UAE, we saw great opportunity in being closer to our target market,” said Abdullah Bin Fheid Al Shakrah, chairman of the Al Hanoo group.
Al Shakrah said future projects by Al Hanoo are likely to be in Saudi Arabia and Bahrain.
The Industrial City Development Company is a consortium of developers, real estate and marketing companies based in Saudi Arabia and includes: Al Hanoo Holding Company, Al Zamil Group of Companies, Al Habib Real Estate and Al Seidan Real Estate.