Sharjah Investment and Development Authority (Shurooq) has signed a strategic partnership deal with Kuwaiti real estate group Mabanee to develop a premium tourist and leisure project, Trade Arabia reports.

To span over 65,000 square meters, the new development will be located in the Mughaider region of Sharjah, aiming to provide valuable investment opportunities in commercial, residential, and tourist sectors.

The development will house world-class stores, restaurants and cafes, and high-end recreational facilities, according to Shurooq Chairperson Sheikha Bodour bint Sultan Al Qasimi.

The project will be developed and managed by Mabanee, a GCC developer which lists other shopping brands such as “The Avenues Kuwait” and “The Avenues Bahrain.”