By: Ramy Sameeh

Abu Dhabi - Mubasher: Al Saja’a Industrial Oasis is expected to achieve returns on investments worth around AED 1 billion ($272.2 million) from Al Saja'a project, the acting project manager told Mubasher on Thursday.

Total investments in the project's infrastructure amount to nearly AED 380 million, Abd Al-Aziz Fikry said on the sidelines of a real estate exhibition in Abu Dhabi.

The Industrial Oasis is developed by Sharjah Asset Management, the investment arm of the Government of Sharjah, and it is expected to be completed by November, he added.

Al Saja'a Industrial Oasis consists of 353 plots, which are being sold through four phases, with 55 plots in the first phase which has been sold out, and 114 plots for the second, 40% of which have been sold.

Meanwhile, the third and fourth phases of the 14 million square-foot project are still understudy, according to Fikry.

Translated by: Moslem Ali