Shurooq channels AED 447 million into five projects, reinforcing Sharjah’s global cultural status

These projects form part of a comprehensive strategic portfolio of 52 developments spanning 60 million sq. ft. across Sharjah, with total investments and partnerships exceeding AED 7.2 billion. The five projects that anchor Shurooq’s achievements in this sector are the Heart of Sharjah, House of Wisdom, Al Noor Island, Maraya Art Centre and 1971 Design Space, and Mleiha National Park. Collectively, they reflect Shurooq’s commitment to fostering a thriving cultural economy rooted in heritage, creativity, and sustainability. Over the past 15 years, the Sharjah Investment and Development Authority (Shurooq) has advanced beyond traditional urban development to firmly establish Sharjah as a global centre for culture and the arts, a sustainable platform for knowledge, and a dynamic destination for the creative economy in the region. According to Shurooq’s recently issued 15-year progress report, the authority has delivered five major projects in the Arts & Culture sector, with total investments and partnerships amounting to AED 447 million. These are part of a comprehensive strategic portfolio that includes 52 projects across various sectors, spanning a total area of 60 million square feet throughout the emirate, with total investments and partnerships exceeding AED 7.2 billion.

These efforts align with UNESCO reports, which emphasise that cultural and creative projects are a significant economic and social driver, contributing meaningfully to GDP, creating job opportunities, and strengthening social cohesion, while also having a positive impact on sustainable development. This underscores the sector’s strategic importance as a key element in supporting sustainable growth and economic diversification, particularly in cities that adopt cultural identity as a central part of their urban fabric.

These investments also support the UAE’s drive to position the creative economy as a cornerstone of its growth and development strategy for the next 50 years, particularly as it is one of the fastest-growing economic sectors worldwide, contributing more than 6.1 per cent to global GDP and generating annual revenues exceeding USD 2 trillion.