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Shurooq names new CEO for Sharjah Sustainable City

06-05-2019

Sharjah Investment and Development Authority (Shurooq) has appointed its director of operations Yousef Al Mutawa as the new chief  executive for its Dh2-billion ($544 million) mixed-use project Sharjah Sustainable City.

The project, which is coming up on a 7.2-million-sq-ft plot, was launched in March by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.

Once completed, it will be the emirate’s first net zero energy community, poised to become a landmark in the global environmental movement. It will feature 1,120 villas and offer up to 100 per cent savings on electricity and water bills for its residents, said a statement from Shurooq.

The community will also build eight green houses with vertical farms. Further, the city will boast a fully autonomous shuttle service, to achieve its ambition of creating an excellent city that supports sustainable and sustainable community life in Sharjah, it added.

Lauding the appointment, executive chairman Marwan bin Jassim Al Sarkal said this reflected the authority’s vision to invest in young leaders and support them to play a key role in driving the development of Sharjah and the UAE.

Al Mutawa’s expertise, he stated, would be a valuable asset to the authority in developing the Sharjah Sustainability City and providing the best services to investors and potential buyers.

He pointed out that as per Shurooq’s expansion strategy to develop more tourism, real estate and commercial projects, there was a need for nurturing employee skills, creating more jobs and offering the younger generation opportunities to thrive in leadership roles.

"Taking a leading role in Shurooq, one of the key drivers of economic and investment growth in Sharjah, is an exceptional opportunity to take part in the development of the economic sector in the emirate, as well as enrich my career," added Al Mutawa.-TradeArabia News Service




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