Sharjah Investment Centre has signed a AED126.5mn ($34.3mn) deal with Scan Electromechanical Contracting Company for the installation of a power plant in a strategic location near Sharjah International Airport.
Under the deal, Scan Electromechanical Contracting Company will install and commission a 180MW Siemens power plant and connect it to Al Hamriyah Power Station in Sharjah.
The ceremony included a presentation delivered by Ahmed Al Ghamdi, Consultant at the Sharjah Investment Center, who explained that the multi-purpose development is strategically situated near Sharjah International Airport and Al Hamriyah Port.
“The development includes plots for industrial, commercial and residential usage, as well as community and logistic facilities which add an economic dimension to the Emirate of Sharjah”, he said.
Installation and commission works will be completed within 20 months, and the project is expected for completion by the end of 2017.