The ruler of Sharjah has issued a decree to establish a media city free zone in the emirate.
Sharjah Media City (SMC) Free Zone will aim to attract businesses from the media and creative industries and – like free zones elsewhere in the UAE – will have its own financial, administrative and legal powers.
The exact location of the free zone has yet to be announced, according to a report in state news agency WAM. Its “geographical resolution and borders” will be determined in a separate decree to be issued by Sheikh Sultan bin Mohammed Al Qasimi, supreme council member and Ruler of Sharjah, at a later date.
The decree issued this week lists the free zone’s aims and objectives: “to develop and embrace talent and manpower working in media and creative fields, and regional leadership in the field of creative media training, support the development of creative, high-quality media, and provide a favourable environment for the media and creativity by creating an attractive and sustainable city with infrastructure and world-class services at reasonable cost.”
According to the decree, the free zone will be managed by an executive body – headed by a president appointed by another decree – responsible for setting a strategy for the city’s programmes and projects and supervising their implementation. The body will also oversee the implementation of administrative and financial regulations and approve the budget, said WAM.