(MENAFN - Khaleej Times) The Sharjah Investment and Development Authority, or Shurooq, signed a memorandum of understanding with Dohaland Hospitality, a subsidiary of Amlak Holding.
The aim of the deal is to boost bilateral relations and mutual cooperation by establishing joint ventures for the development of projects by both parties.
The signing took place at the Qatar National Convention centre in Doha and was attended by Shaikha Bodour bint Sultan Al Qasimi, chairperson of Shurooq, and Ahmed Al Hajaji, CEO of Amlak Holding. The MoU was signed by Marwan bin Jassim Al Sarkal, CEO of Shurooq, and Abdul Aziz Al Emadi, CEO of Dohaland Hospitality, in the presence of a number of senior officials from both parties.
According to the MoU, the parties agree to jointly evaluate potential investment opportunities and to invest in a number of tourism development projects that are currently being developed and managed by Shurooq.