Sharjah Investment and Development Authority, also referred to as Shurooq, has appointed Yousef AlMutawa as chief executive officer of its recently launched $544m (AED2bn) Sharjah Sustainable City project.
In March 2019, the masterplanned development, which is being backed by Shurooq and Diamond Developers, was launched by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.
AlMutawa, who also serves as the director of operations at Shurooq, will take up the role of CEO for the 67ha megaproject.
Speaking on the appointment, executive chairman of Shurooq, Marwan bin Jassim Al Sarkal, said: “The appointment reflects the authority’s vision to invest in young leaders and support them to play a key role in driving the development of Sharjah and the UAE.
“AlMutawa’s expertise will be a valuable asset to the authority in developing the Sharjah Sustainability City and providing the best services to investors and potential buyers,” added Al Sarkal.
The appointment comes in line with Shurooq’s expansion strategy, which aims at developing more tourism, real estate, and commercial projects in Sharjah, also called the cultural capital of the UAE.
“There was a need for nurturing employee skills, creating more jobs, and offering the younger generation opportunities to thrive in leadership roles,” Al Sarkal said, according to UAE state news agency, Wam.