Sharjah Asset Management joins forces with largest engineering consulting firm in Malaysia

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Sharjah Asset Management joins forces with largest engineering consulting firm in Malaysia

Sharjah Asset Management ( SAM), the investment arm of the Sharjah government, has announced the launch of a brand-new business through its collaboration with the largest engineering consulting firm in Malaysia (CHSS). The brand-new alliance, called Asool CHSS, will work to offer the most reliable degrees of engineering solutions to support and also boost the growth of framework and city jobs in the Emirate of Sharjah.

HE Walid Al Sayegh, CEO of SAM, said: "Thanks to the assistance of the Emirate of Sharjah, under the support of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Participant of the Supreme Council as well as Leader of Sharjah, the Emirate is climbing as a preferred option for investors and financial investments. This appears by the increase in international business seeking to enter the area's markets, such as the engineering working as a consultant company CHSS, which is the most significant design company in Malaysia.

His Excellency included "SAM has managed, in line with its continuous efforts aimed at consolidating relations with major international companies, to achieve this exciting new alliance with CHSS. The joint venture will constitute a major value to projects in the Emirate of Sharjah, which is always keen to adhere to the policies of the open market and provide all the facilities necessary to support investment and companies of all sizes and sectors."

His Excellency Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers claimed "We are thrilled to sign up with SAM and also expect an effective organisation connection. We aspire to invite the UAE fresh engineers as they see our team in Malaysia to get first-hand experience and knowledge of the procedure of handling big range jobs. This will be in the kind of brief programs or long teaching fellowships, which will allow the engineers to return shortly with a great rich experience to benefit their local culture.""

"I believe federal governments will undoubtedly speed up the jobs to boost the economic climate. We visualise the building and construction sector, particularly the infrastructure area to play a significant part, as this will offer the essential bigger downstream multipliers to the economic climate. As a critical player already involved in existing nation-building projects, for example, the East Coast Rail Link, Klang Valley Mass Rapid Transit Line 2, Iskandar Malaysia Bus Rapid Transit project and Langat 2 Water Supply Scheme, we will leverage on our expertise and track record to remain involved in all future projects" added Tan Sri Ir Kuna.

George Saeed Khuraish, General Manager of CHSS, said: "It is our satisfaction to enter into a partnership with Sharjah Asset Administration, and we will do our utmost to offer the very best possible design services for future tasks. With our working relationship with the government companies and also personal companies in the Emirates covering over the last decade, we are confident that this partnership will add to reinforcing these connections even better.".

The General Supervisor also commended the significant advancement observed in urban development market in the Emirate of Sharjah. He applauded the method which the Emirate was able, within a couple of years, to establish a suitable setting genuine estate financial investment, coming to be a leading figure in the market. This is shown by the numerous excellent quality and also prominent tasks in the Emirate which reflect the self-confidence that capitalists put in the realty market in Sharjah.

Abdulaziz Fikry was appointed Chief Executive Officer of the brand-new business, which will serve the Emirate of Sharjah via its collected experience, studies, as well as research. Fikry said: "There are several financial investment possibilities given by Sharjah in various industries, consisting of the property sector and also the building and construction and infrastructure industries, so we anticipate incredible success for this new entity throughout the expected duration, primarily because of the facilities given by the Emirate to financiers from throughout the world."

The Emirate of Sharjah is experiencing continuous economic and also metropolitan development thanks to the assistance and vision of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and the support of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Chairman of the Executive Council.

CHSS Consultants has carried out projects in numerous countries around the world and also has a staff of about 2,100 individuals consisting of 1,000 specialised engineers. The business likewise has experience covering more than three years, as well as it supplies a vast array of engineering solutions, in enhancement to specialised specialist solutions; such as engineering design, style, planning, supervision, cost control as well as policy, and also primary project administration.