As Sharjah’s premier lifestyle destination, Al Zahia brings a contemporary community lifestyle and traditional values together throughout every aspect of its development. Spanning a total area of over 1,000,000 sqm, Al Zahia is designed to meet the needs of the entire family with areas for recreation, worship and childcare, in addition to communal areas and retail facilities.
We Work to Improve Sharjah and its People
Since its establishment in 2008, under a strategicpartnership between Sharjah Asset Management and Majid Al Futtaim Properties, Sharjah Holding has been developing a one-of-a-kind economic development model combining economic growth enablers and premium quality living standards while preserving the Emirate’s time-honoured values and cultural entity as well as ensuring a welfare state.
In keeping with the vision of HH Dr Sheikh Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and the directives of HH Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, we have developed a series of landmark community-oriented projects to cater to the people of Sharjah.
This successful partnership between the Government of Sharjah, represented by Sharjah Holding, and the private sector, represented by Majid Al Futtaim Properties, creates a pioneering experience in the development of innovative economic patterns conducive to preserving the emirate’s gains and achievements. Sharjah Holding’s ultimate goal is to maintain Sharjah as a cultural socio-economic beacon and a role model in the region and all over the world.
Banking on our human assets and partners, we will continue our development drive and launch more projects that fulfill the ambitions of our prudent government. This will ensure the welfare and comfort for the residents of the emirate. We will also continue to launch channels of constructive partnerships and investments with leading companies and institutions that share our aspirations and objectives for the greater good of our beloved emirate
We Aim to Ensure the Welfare of All Our Residents
Inspired by the directives of our prudent leadersand the emirate’s fervour to ensure happiness and positivity, Sharjah Holding has provided modernfacilities and services that meet the needs of all segments of society. This ensures a comfortable life and renders our country a top destination to work and live in.
Within this context, Sharjah Holding has always been seeking to keep this distinctive stature of the country, given the fact that it is operating in an emirate synonymous with inspiring happiness among its people, residents and visitors. Our Smiley Emirate places people’s welfare on top of its priorities, sparing no effort to maintain a premium, well-rounded lifestyle for an integrated community of like-minded people.
To this end, we have launched Matajer, a neighbourhood shopping centre concept, and a major integrated mixed-use community that assuresour families have a wonderful life that is the most luxurious all over the emirate.
Our drive will not stop here and will continue to meet residents’ needs and ensure a welfare state that matches the significant urban development that is taking place in Sharjah, in line with the latest international standards and practices.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 40,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 23 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 38 markets across Middle East, Africa and Asia, and operates a portfolio of more than 230 outlets in 15 countries.
Majid Al Futtaim operates 322 VOX Cinema screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others.The Company is parent to the consumer finance company ‘Najm’, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
Sharjah Asset Management (SAM) was established in 2008 as an investment arm of the Government of Sharjah, within the Sharjah Finance Department. In 2012, the department expanded to include investment, asset management and property activities. With an increasingly strong presence in the Middle East region, SAM’s mandate is to ensure its investors are protected against uncertainty and instability. Apart from equity, SAM also invests in forms of debt such as “mezzanine financing” or project and transaction financing. SAM’s corporate presence, its network of government and commercial partners and existing portfolio of globally based investments, present synergies for market development for all of our investee companies. This is often reflected in terms of market expansion, logistics and business development. As an active asset manager, acting solely in the interests of our investors, SAM’s global business model allows us to offer services in international markets and asset classes across the investment spectrum.
About Sharjah Asset Management:
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community focused real estate developer. Sharjah holding’s current focus is on the development and management of retail and mixed use projects in the Emirate of Sharjah. To date, these include Matajer, a neighbourhood shopping centre concept, and Al Zahia, Sharjah’s premier lifestyle destination
