Sharjah s SAIF Zone signs deal with India s Forpack Industries zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Emaar Malls records Dhs704m profit despite virus pandemic
28 Apr 2021
Inayat-ur-Rahman,
Deputy Business Editor
Emaar Malls held its Annual General Meeting (AGM) and its Board of Directors reflected on the company’s achievements despite the challenging market conditions affected by the Covid-19 pandemic on the global economy and the retail industry.
The Board of Directors highlighted Emaar Malls efforts to support Dubai Government’s fight against Covid-19 with the implementation of Vaccination Hub at The Dubai Mall. They also highlighted Emaar Malls’ support to their retail tenants’ financial wellbeing and efforts to protect the SME’s by providing more than Dhs 1 billion (US$ 272 million) in rental relief during 2020. The support was further extended until 31 March 2021.
Indian group Forpack to set up HQ in Sharjah free zone
SHARJAH, April 28, 2021 India-based Forpack Industries, a leading manufacturer of recycled kraft board and coreboard paper, has reached an agreement with the Sharjah Airport International Free Zone (SAIF Zone) to set up its first headquarters in the UAE. It has signed a deal to lease four warehouses at SAIF Zone’s U2 area on a total 25.833 sq ft area. With this move, SAIF Zone has further enhanced and secured its position as a prominent hub for global investors, remarked its Director Saud Salim Al Mazrouei after signing the deal with Samir Lakhani, Chairman of Forpack Industries, in the presence of senior officials.