Hot property: Sharjah Publishing City sells out of office space as it nears completion
International publishers snap up real estate at the United Arab Emirate’s new hub
The Sharjah Book Authority has announced that Sharjah Publishing City, the new Middle Eastern publishing hub due to open this November, is now oversubscribed, following a surge in applications for office space from international publishers.
As the first phase of the development – a stylish two story complex spanning 19,000 square metres – prepares for launch, 320 publishers, distributors and printers from around the world are setting up shop in the 400 offices on the premises.
Launched as the Arab World’s first ever full service “Free Zone”, Sharjah Publishing City will offer the publishing industry the opportunity to capitalise on tax-free privileges and strategic access to the Middle Eastern, Asian and African markets.
Chairman of the Sharjah Book Authority, Ahmed bin Rakkad Al Ameri, commented: “We have been overwhelmed by the number of applications we’ve received from the global book industry, particularly from international publishers from all corners of the globe. The high level of demand we have witnessed is testament to the unique proposition offered by the Publishing City, which we believe is unrivalled in the Arab World, and globally. In the long term our intention is to make Sharjah Publishing City a creative hub and forum, where the industry comes together and shares original ideas and knowledge.”