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00:00We are happy to participate in the Arab travel market, which is one of the most important platforms for decision makers in the field of travel and tourism.
00:07Today, with what the governorate has, whether it is in the tourism sector or the hotel sector,
00:13we are focusing on promoting these projects.
00:15There will be no signing of the agreement, but there are projects that have been announced,
00:19and there are projects that will open soon, God willing.
00:21We are focusing on promoting these projects, especially in the sector of environmental tourism and tourism.
00:26I would like to ask you about the development that the Emirate is currently witnessing,
00:30especially in the eastern areas, as well as the rest.
00:33How big are the investments?
00:35When do you expect some of the upcoming projects to be implemented, especially the Maliha project?
00:40Of course, today the Sharjah Emirate has a very high level of environmental tourism.
00:46What we have helped today is the environmental diversity and the natural diversity that exists,
00:50and the large number of natural reserves, about five.
00:53Therefore, this made it easier for us to cooperate with various organizations,
00:57whether they are environmental organizations, natural reserves, or heritage organizations.
01:00Today, if we talk about the central area, especially the Maliha area,
01:04we announced almost a week ago the National Heritage Exhibition.
01:07Of course, Maliha has traces that date back to about 200,000 years.
01:10Of course, people from Africa came to this area, so there is a treasure of traces.
01:15What happened is that we have developed the area in a touristic way.
01:17Today, there is a center where one can visit and see the traces.
01:20Then we have touristic tours where one can see these traces.
01:23We also have four-wheel drive cars and safaris.
01:26Today, we have two hotels in this area.
01:28We call it the Maliha Camp, which is an experience in the middle of the desert.
01:32We also have the moon landing, which is a unique experience in the middle of the desert.
01:35We have rooms with swimming pools.
01:37One can live a complete experience of Maliha.
01:40How big is our investment in developing this project?
01:43How big is our expectation in 2024?
01:46Of course, we have a lot of investments in the hotel sector,
01:48whether in the Middle Area or in the Eastern Area.
01:51Of course, our investment in these projects is more than 400 million dirhams.
01:56Of course, there are a variety of projects.
01:58If we talk about Kalba, we have a 40-room sun lounger.
02:0220 additional rooms were opened in the first quarter of this year.
02:06Also, we are talking today about the city of Khor Fakkan.
02:09We have an agreement with Lux hotels, a five-star international group.
02:14This hotel will consist of 45 rooms on the mountain.
02:18It will be opened, God willing, in the first quarter of next year.
02:22Also, if we talk about the real estate sector in the city of Khor Fakkan.
02:26Today, we have a project called Ajwan.
02:28It was launched a few months ago.
02:30We started the sales.
02:31We started the implementation on the ground, the development works,
02:34and also the cost of investment.
02:36If we open the door of sales, how much will it reach?
02:38Of course, the project will cost 200 million dirhams.
02:40The project has several components.
02:42We have the hotel, the residences, which will consist of 180 apartments for sale,
02:47as well as a water park.
02:49The total cost of the project will be 250 million dirhams.
02:52This project, God willing, will start implementation.
02:54Of course, we started the sales now.
02:56The implementation, God willing, will start in August next year.
02:58Let's ask about the partnership with Eagle Hills.
03:01This is the company that implements many projects.
03:05Of course, a large part of its properties goes to Mr. Mohamed Al-Abbar.
03:10There are agreements with the company and projects under implementation.
03:13In the coming period, will you launch a number of projects with Eagle Hills?
03:17Of course, if we talk about real estate,
03:19it is probably the largest part of the company's portfolio.
03:23Of course, the Maryam Island project is a partnership
03:25between the Sharjah Investment Board and the Sharjah Investment Board
03:27and 50% goes to Eagle Hills, of course.
03:30The project is 250,000 square meters.
03:33It will have about 15,000 apartments.
03:36Of course, two phases of the project have been submitted so far,
03:39approximately four buildings.
03:40God willing, the third building is under implementation.
03:44Also, about a month ago, the Crystal building was launched,
03:47which is on the waterfront.
03:49It has been fully sold.
03:50God willing, in the coming months,
03:52more than three buildings will be launched.
03:54God willing, what will the General Planning Committee focus on
03:57in addition to what we have talked about?
03:59Of course, the Committee focuses on two sectors currently,
04:01the real estate sector and the hospitality sector.
04:06Regarding the real estate sector,
04:07we have a project called Al-Madina Al-Mustadama.
04:09It consists of 1,200 villas.
04:11Three phases have been submitted.
04:13God willing, we will submit the last phase of the project this year.
04:17Of course, the Maryam Island project will be submitted.
04:19We talked about the Ajwan project.
04:21God willing, in the coming two years,
04:22there will also be a submission for a certain number.
04:24There are also many projects.
04:26Regarding the hospitality sector,
04:27of course, there are many hotels.
04:28We talked about some hotels.
04:29In the coming two years,
04:30at least three hotels will be opened, God willing.