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9.2 trillion dirhams of financial transfers through UAE banks within 9 months

The value of transfers carried out in the banking sector in the country, through the UAE Financial Transfers System (UAEFTS), increased to more than 9.2 trillion dirhams during the first nine months of this year, while government deposits in banks witnessed a significant increase during the same period, with a value of 109 ml

Government deposits to the highest level since 2018

9.2 trillion dirhams of financial transfers through UAE banks within 9 months

Total government deposits in banks amounted to 402.5 billion dirhams at the end of last September.

Ahmed Youssef: “The UAE has overcome the effects of the Corona pandemic, and this is accompanied by a strong movement of money through official channels, especially banks.”

The value of transfers carried out in the banking sector in the country, through the UAE Financial Transfers System (UAEFTS), increased to more than 9.2 trillion dirhams during the first nine months of this year, while government deposits in banks witnessed a significant increase during the same period, with a value of 109 billion dirhams, recording the highest level It has within a period of three quarters of a year, since 2018, according to data issued yesterday by the Central Bank.

In detail, the total government deposits in banks, at the end of last September, amounted to 402.5 billion dirhams, compared to 293.6 billion dirhams, at the end of December last year, an increase of 108.9 billion dirhams, equivalent to a growth of 37%.

Remittances in the banking sector, through the Emirates System for Remittances of the Central Bank, which include bank transfers between them, as well as customers, recorded 9.2 trillion dirhams during the first nine months of this year, compared to 7 trillion dirhams during the same period last year. with an annual growth rate of 31.4%.

Banking expert, Ahmed Youssef, told Emirates Today, “The increase in government deposits is a direct reflection of the increase in financial surpluses, which are usually kept in banks, especially national banks, in addition to the increase in interest rates on deposits, which amounted to more than 4%.” percent on million deposits, which is an attractive factor for government deposits, since the return on them is guaranteed and remunerative compared to other types of investment,” stressing that “these deposits can be withdrawn at any time, if needed.”

And Youssef indicated that «on the other hand, government deposits constitute an essential support for banks and their levels of liquidity, so they always reflect the strong economic situation of the state, the high financial solvency of banks, and contribute to increasing the injection of funds in various sectors».

And he continued, “The rise in remittances also in the banking sector indicates the momentum of the economic movement, the rise in financing and dealing with checks and others,” pointing out that “the UAE has surpassed the effects of the Corona pandemic, and is witnessing strong growth rates, infrastructure projects and large expansions in various sectors, and this is undoubtedly accompanied by it.” Strong movement of funds through official channels, especially banks.

Youssef added: “The UAE is distinguished by the fact that all money movement takes place under the umbrella of the Central Bank and its remittance system, whether in banks or money changers, thanks to the strong controls that protect the country’s economy, in light of its prominent role as a global financial center, as these controls and the tight system It prevents any attempts to launder money, or the entry of illegal funds, so we find an upward pace in the value of financial transfers that pass through the official financial system of the state.

Central Bank statistics indicated that the value of clearing checks circulated using their copies amounted to 913.8 billion dirhams, for 16.3 million checks, during the first nine months of this year, while the value of cash deposits in the Central Bank during the same period amounted to 148.3 billion dirhams, while the value of withdrawals reached Cash from the Central Bank amounted to about 151.6 billion dirhams, during the first three quarters of 2022.


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Barakah nuclear energy plant’s Unit 3 now connected to UAE transmission grid

Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid

The Emirates Nuclear Energy Corporation (ENEC) has announced that its operations and maintenance subsidiary, Nawah Energy Company (Nawah), has connected Unit 3 of the Barakah Nuclear Energy Plant to the UAE’s transmission grid.

Unit 3, which started up in September, has commenced the delivery of the first megawatts of carbon-free electricity.

With both Units 1 and 2 already in commercial operation, generating clean electricity every minute of the day and Unit 3 close to commercial operations in the coming months, Barakah is accelerating the decarbonisation of the power sector and forms an essential component of the UAE’s Net Zero 2050 Strategy.

Unit 3 will provide an additional 1,400 megawatts of zero-carbon emission electricity capacity to the national grid, according to the state news agency WAM.

Mohamed Ibrahim Al Hammadi, MD and CEO of ENEC, said, “Our leadership’s long-term vision and decisions more than 13 years ago are paying dividends today as we celebrate another proud moment for the UAE Peaceful Nuclear Energy Program. Connecting Unit 3 to the UAE transmission grid adds thousands more megawatts of clean electricity to power all aspects of society, replaces the need to burn US$4bn worth of gas which can be diverted for export, and through Clean Energy Certification, gives many companies in the UAE a unique competitive advantage.”

Following the grid connection, Unit 3 will undergo the process of gradually raising power levels, known as power ascension testing, or PAT. The process will be continuously monitored and tested until maximum electricity production is reached while adhering to all local regulatory requirements and the highest international standards of safety, quality and security.

The four units at Barakah alone are contributing 25 per cent of the UAE’s National Determined Contributions to net zero and are the largest sources of dispatchable clean electricity.



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Sultan bin Ahmed: UOS’s ambitions paves its path with progress

On the occasion of the announcement of the University of Sharjah’s progress with more than 150 ranks in the Times Higher Education in 2023, Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, affirmed that the University’s ambitions and goals that are shown through studied plans and strategies shine upon its path of rapid progress to reach the top, achieving the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah, and founder of the University of Sharjah.

“We are pleased with the thriving progress that is credited to those in charge of the university and its attainment with the UAE University of first place at the state level, boosting the position and role of the university academically and scientifically. Jumping the ranks in universities’ competitions indicates the right course that the university is taking and is proceeding at a confident and balanced pace,” The Deputy Ruler said.

The President of the UOS pointed out that the real success that the university is proud of is its graduates, who became leaders, scientists, and consultants, stressing that the university will continue to develop its educational system with the latest methods and technologies.

Times Higher Education announced on October 12, the results of the universities classification worldwide for 2023, jumping more than 150 ranks compared to last year. The University of Sharjah ranked 7th in the Arab world.

Dr. Hamid Majoul Al Nuaimi, Chancellar of the University, confirmed that this achievement translates the wise directives of the founder His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the leadership of its President Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, which focuses on the quality of educational process and methedologies.

The university also ranks 68th in the index of citations from research and studies done at the university.



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Sharjah leads region in having world’s millionaires

Bloomberg: With its achievements in all fields and its unremitting efforts to secure well-being, the Emirate of Sharjah was crowned with the title of the city loved by the world’s rich, after leading the region’s countries in having millionaires from all over the world.

This comes from statistics, collected by the “New World Wealth”, along with “Henley & Partners Group”, which specialises in residency and citizenship programmes, showing that the Emirate of Sharjah in the UAE, with the capital of the Kingdom of Saudi Arabia, Riyadh, has the fastest growing millionaire population so far this year.

Henley & Partners Group, the world leader in residency and citizenship by investment, recently released a list of the world’s cities where most millionaires live.

Statistics, collected by the South African company “New World Wealth”, show that the Emirate of Sharjah, in the United Arab Emirates, with the capital of Saudi Arabia, Riyadh, has the fastest growing millionaires this year so far in the world.

Abu Dhabi and Dubai are also among the fastest growing cities in the number of millionaires, as the UAE attracts the wealthy with a low tax regime and new residency plans.

Half of the top ten cities with the largest number of millionaires are in the United States, but New York City lost 12% of net worth in the first half of 2022, while the San Francisco Bay Area saw an increase by 4%, and London, which ranks fourth, down by 9%.

Beijing and Shanghai, which rank ninth and tenth in the list of the richest cities, respectively, recorded losses, as Henley & Partners expects that China will witness the second largest outflow of wealth after Russia this year.



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Over 33,000 issued and renewed licences in Sharjah in H1 2022

Sharjah Economic Development Department (SEDD) reviewed the most important developments and events witnessed by the economic sectors and the measures as well as efforts taken by the Department in all sectors and activities, during the first half of the current year 2022.

This was done to provide a comprehensive tool for dealers in the economic sectors in Sharjah and to familiarise them with the most important results achieved, in confirmation of its efforts aimed at achieving balanced and sustainable economic performance and promoting business continuity in various fields.

Commenting on that, Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, said that the data issued by the department indicate a significant increase in the investment movement, especially in the issued licences, which are indicators for sustainable growth for the economy of Sharjah. He pointed out that the issuance of these data is one of the important economic indicators that the department relies on to study the economic situation in the emirate.

In addition, Al Suwaidi stressed that SEDD’s strategic objective is to achieve a comprehensive development plan that promotes economic development in Sharjah, by developing services to match the highest international quality standards in terms of speed of delivery and access to dealers in the economic sector and investors in the emirate and striving to complete transactions with ease.

According to SEDD data, the total number of license’s issued and renewed in Sharjah during the first half of this year increased by 33,157, with a growth rate of eight percent over the same period in 2021. Thus, the license’s issued during the first half of 2022 amounted to 3,858, compared to 3,526 in the first half of last year, with a growth rate of nine percent. On the other hand, the total number of renewed licences during the same period reached 29,299, compared to 27,262 throughout the same period in 2021, a seven percent growth rate.

Fahad Ahmed Al Khamiri, Director of Registration and Licencing Department at SEDD, stated that the data showed that the commercial licences topped others in terms of distribution according to the type of licences issued. Therefore, 2,248 licences were issued during the first half of 2022, followed by 1,273 professional licences, and 161 industrial licences. In fourth place, were 99 “Eitimad” licences, and 77 e-commerce licences in fifth in place.

Regarding renewed licences, commercial licences topped the list, reaching 18,992 during the first half of 2022, followed by 8,718 professional licences. Then there were 1,233 industrial licences, while Eitimad licences touched 306, whereas e-commerce licences amounted to 50.

Al Khamiri added that the results of the emirate’s business, including the issuance and renewal of licences, are in line with the general growth in the GDP in Sharjah. Also, he noted that SEDD is working to simplify services and procedures, with the aim of facilitating business registration procedures, issuing licences, and providing greater flexibility for investors and dealers, in the form which allows them to establish their business within a brief period.

Al Khamiri stressed that the growth of licences during the first half of 2022 confirms the strength of the local economy and the attractiveness of the investment environment in the emirate, as the department’s initiatives during the last period contributed to promoting business growth and attracting more investments. He also illustrated that SEDD’s figures reflect the confidence of the business sectors in the investment opportunities available in Sharjah’s economy.

On the other hand, Khalfan Al Herathi, Director of SEDD Branches, said that the department, in all its branches, completed 33,157 issued and renewed licences during the first half of 2022, according to the data on business licences issued and renewed in the department’s branches in the cities and regions of Sharjah.

In detail, the number of issued and renewed licences in Sharjah city reached 26,670 during the first half of this year. The Central Region branch came second with 3,753 licences, while Khor Fakkan branch hit 1,314. Kalba branch amounted to 1,140 licences, while Dibba Al Hisn branch reached 280 licences.

Salim Ahmed Al Suwaidi, Deputy Director of the Commercial Control and Protection Department at SEDD, explained that the department conducted 81,933 inspection campaigns on various economic establishments in the emirate during the first half of 2022. Al Suwaidi added that SEDD dealt with many cases of consumer complaints, each of which was fully addressed in cooperation with all concerned parties. The department oversaw 5,374 complaints received during the first half of 2022. According to the data, these complaints were distributed, with consumer protection complaints forming the largest share of them at 4,578. They were followed by 477 complaints of commercial fraud, and 319 complaints by service agents.

In detail, consumer protection complaints were distributed to include various sectors, as complaints from the automotive sector and its spare parts recorded 23 percent of the total consumer protection complaints received by SEDD. Also, complaints about mobile phones amounted to 12 percent, complaints about furniture and curtains were seven percent, and complaints about personal services activities amounted to nine percent. In addition, electrical appliances and building materials complaints amounted to six percent, while complaints about tourism, travel and shipping amounted to five percent. Also, other complaints were unevenly distributed among various other economic sectors.

SEDD implements a series of intensive inspection campaigns on sales outlets and shops to ensure the correctness and accuracy of the trade balances used in outlets in local markets. These scales aim to conform to UAE mandatory standards and specifications approved in this field within the department’s plans for metrological verification of legal measuring instruments and to ensure their conformity with the country’s technical regulations on weights and scales. This comes within SEDD’s supervisory role over the markets in the Emirate and out of its keenness to enhance confidence in the Emirate’s markets. Thus, according to SEDD’s data, the total number of calibrated scales amounted to 2,553, and the proportion of compliant scales that conformed to standards was 98 percent of the total calibrated scales.



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Sharjah Summer Campaign welcomes tourists and residents with packages

The Sharjah Commerce and Tourism Development Authority (SCTDA) has announced the return of its annual Sharjah Summer Campaign. Running from July 14 to September 30, 2022, SCTDA’s seasonal campaign features an integrated package of exclusive hotel offers and discounts on an array of activities throughout the emirate’s popular tourist and hospitality destinations.

The competitive offers and exclusive family and hotel packages include discounts on entry tickets to a host of destinations and attractions popular with all age groups. Sharjah Summer Campaign 2022 aligns with SCTDA’s commitment to launch leading initiatives that enrich and enhance the tourist experience and strengthen Sharjah’s appeal as a compelling global destination, any time of the year.

Visitors and residents can create lasting memories with exclusive family packages as they explore Sharjah’s breathtaking natural landscapes. Visitors can also engage in unique recreational experiences including sports and family activities, savour gastronomical delights, and take immersive cultural tours through historical, heritage, and eco-tourism destinations and cultural landmarks, in addition to enjoying a range of shopping options. The annual campaign aims to drive tourism and bolster Sharjah’s position as a safe tourist and family destination on the global stage.

Khalid Jasim Al Midfa, Chairman of SCTDA, said: “We are delighted to welcome visitors from the UAE and the region this summer with specially curated packages and exceptional offerings to inspire and nurture the interests of adventure enthusiasts, nature lovers, thrill seekers, holidaymakers, and families. Visitors can partake in truly local experiences across the wide spectrum of the emirate’s ecosystem and enjoy its rich history, geography, nature, culture, heritage, archaeology, and arts, as well as a range of adventure experiences including mountain and aqua entertainment activities.”

The SCTDA Chairman added: “In collaboration with our government and private sector partners and in line with the vision of the wise leadership, SCTDA aims to reinforce Sharjah’s position as a key experiential travel destination that offers unrivalled experiences with its distinctive blend of history, culture, heritage, art, and outdoor activities.”

“Every year, with the opening of new leisure and hospitality projects, discerning visitors to the emirate benefit from an increased choice of authentic experiences. Tourism is a key pillar of the UAE economy and we are committed to improving the quality and excellence of the services sector to support and strengthen Sharjah status as a sustainable tourism destination,” he added.

SCTDA is collaborating with 16 hospitality entities for the Sharjah Summer Campaign 2022 to provide special packages and offers to visitors and tourists from the UAE and beyond. Participating entities include Oceanic Khorfakkan Resort & Spa; DoubleTree by Hilton Sharjah Waterfront Hotel & Residences; Centro Sharjah; Marbella Resort, Sharjah; Coral Beach Resort Sharjah; Sheraton Sharjah Beach Resort & Spa; Mysk Kingfisher Retreat; The Chedi Al Bait, Sharjah; Mysk Al Faya Retreat;

Novotel Sharjah Expo Centre; Occidental Sharjah Grand; Pullman Sharjah; Mysk Al Badayer Retreat; Four Points by Sheraton Sharjah; Luxe Grand Hotel Apartments; and Golden Tulip Hotel Apartments.

Perfectly blending elements of the old with the new, Sharjah is a land of great natural and cultural wealth. A leading leisure and holiday destination for local and inbound travellers, the emirate is famed for its eco-conscious and restoration projects, world-class hotel brands, historical and archaeological sites, diverse outdoor landscapes, art and heritage experiences, and boasts an array of family-oriented attractions and events.

Meanwhile, Sharjah Livestock Market, one of the projects of the Sharjah Asset Management Company, the investment arm of the Government of Sharjah, received 7,359 visitors during Eid, where the total number of livestock received by the slaughterhouse amounted to 7204. All livestock was received, slaughtered and delivered according to the highest quality and public safety standards. In addition, the market and facilities were equipped to provide services needed by visitors throughout the holiday so that the process would be completed quickly and easily.

Eng. Abdalla Al Shamsi, Manager of Sharjah Livestock Market, said: “On the first day of Eid, Sharjah Livestock Market received 2465 animals which included 2424 sheep, 40 cows and one camel. On day two of Eid, the slaughterhouse received 2577 livestock, including 2543 sheep, 23 cows and 11 camels, and on the third day, it received 1,538 livestock, made up of 1,529 sheep and nine cows. On the final day of Eid, the slaughterhouse received 624 livestock, including 617 sheep, five cows and two camels.”

Al Shamsi added that the number of livestock received by Khorfakkan Livestock Market during Eid amounted to 643 cattle, including sheep, cows and camels. In contrast, the recently opened Kalba Livestock Market received 1,253 livestock. In addition, visitors were impressed with its design and facilities and the latest technologies operating to international standards in terms of health and hygiene.


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Expats rank UAE first globally in boosting job opportunities

The Emirates also ranks among world’s top 10 best countries to live and work
Expats in the UAE believe that moving to the country has improved their career prospects and widened job opportunities, ranking the Emirates first in the world. Moreover, UAE has been ranked among the world’s top 10 best countries to live and work for expatriates.
The InterNations’ Expat Insider 2022 survey, released on Tuesday, included responses from nearly 12,000 people, covering expats’ satisfaction with the quality of life, ease of settling in, working abroad, and personal finance in their respective country of residence. For the first time, the survey included the new Expat Essentials Index, which covers digital life, admin topics, housing, and language.
According to the 9th edition of the survey, UAE ranks 6th out of 52 countries while 71 per cent of expats are happy with their life in the UAE, the same as the global average.
“Expats are particularly happy with the ease of handling Admin Topics (ranked third) in the UAE. First of all, 83 per cent found it easy to get a visa to move there, compared to only 56 per cent globally, ranking the UAE first worldwide for this factor. Once they arrive, over three in five expats (61 per cent) have no problem dealing with the local bureaucracy/authorities, 21 percentage points more than the global average,” InterNations said in the report.
‘Government system is the best’
The widely available administrative/online government services also contribute massively to UAE expats’ happiness.
Around 85 per cent of people say that it is easy to live in the UAE without speaking the local language compared to 51 per cent globally. “The government system is the best,” the report said, quoting an Indian expat.
Moreover, the other factors that make UAE attractive for expats are easier to get high-speed internet access at home and to pay without cash.
However, about one in five are unhappy with their access to online services, such as social media, because the authorities have banned access to websites and platforms that violate the UAE’s social, moral, religious and legal framework.
The UAE scores another top 10 ranking in the quality of life index, where it’s ranked 5th. Expats are particularly happy with the leisure options and also appreciate the culinary variety and dining options, as well as the culture and nightlife.
Expats have also rated the UAE highly for travel and transit, with 90 per cent being happy with their travel opportunities while 95 per cent rate the infrastructure for cars positively. The UAE ranks first worldwide for the latter.
Health and well-being
The InterNations survey found that expats voted the UAE third for personal safety, as nearly all expats – 94 per cent – are happy with this factor as compared to 81 per cent globally.
“I feel safe as a woman to go out walking on dark evenings. In the day, I do not fear any theft,” reports a British expat. Around 86 per cent of expats are also very satisfied with the political stability in the UAE.
Importantly, 78 per cent of expats in the Emirates find it easy to access all the kinds of healthcare services they need. Expats also rank the quality of medical care (6th) and availability of healthcare (6th) very highly. However, only 56 per cent find healthcare affordable, slightly below the global average of 61 per cent.
A welcoming place to settle in
The UAE has been ranked quite well – 13th – when it comes to ease of settling in. It performs best in the culture and welcome subcategory (10th), with 77 per cent of expats saying they feel welcome there versus 66 per cent globally. About two in three (65 per cent) also report that they are happy with their social life. Overall, 69 per cent describe the local population as friendly, and 74 per cent consider them particularly friendly towards foreign residents.
Expats seem to love working in the UAE, voting the country fifth in this index. It even places third in the career prospects subcategory as about four in five expats feel that moving to the UAE has improved their career prospects, ranking the country first worldwide for this factor. It is hardly surprising that they are also happy with their career opportunities and the local job market.
The survey found that expats feel the local business culture encourages creativity/thinking outside the box (2nd) and promotes independent work and/or flat hierarchies. “The country encourages ambition, innovation, and pursuing opportunities,” says an expat from Australia.
The survey found that 87 per cent of expats are happy with this salary and job security subcategory. However, only 55 per cent feel that they are paid fairly for their work, based on industry, qualifications, and their role.
Globally, according to the Expat Insider 2022 survey results, Mexico, Indonesia, Taiwan, Portugal, Spain, the UAE, Vietnam, Thailand, Australia, and Singapore (10th) are the best destinations for expats.

CategoriesPress Release

His Highness’ leadership has transformed Sharjah into one of the best and most attractive cities in the world

His Highness’ leadership has transformed Sharjah into one of the best and most attractive cities in the world

His Excellency Khalifa Al Shaibani, Director General of Tilal Properties, stated that His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has during the past fifty years, led the march of renaissance and progress in the emirate, helping it become a center of knowledge and science and a beacon of development and civilization. Under his guidance, projects were launched, architectural structures rose, and infrastructure was developed, which transformed Sharjah into one of the best and most attractive cities in the world to visit, live and work in, and providing a decent life and job opportunities for the emirate’s sons and daughters.

Al Shaibani pointed out that the “Emirate of Sharjah” has become a global icon with his wisdom, enlightened leadership and exceptional personality. With his focus on people’s development and using culture as the bridge of communication, the emirate has reaped numerous titles of glory and badges of excellence, from being named the capital of Arab and Islamic culture, to being recognized as a healthy and child-friendly city. In addition, Sharjah pioneered, at regional level, the inclusion of citizens in the management of the emirate’s affairs through the advisory council, while His Highness’ directives have also been instrumental in supporting family stability and providing comfortable housing for families.

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Sharjah Ruler appoints Sultan bin Ahmed as President of University of Sharjah

Deputy Ruler will also be chairman of University of Sharjah’s board of trustees

Sharjah: His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, issued Emiri Decree No. 46 of 2021 regarding the appointment of the President of the University of Sharjah (UoS).

The decree stipulates that Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, will be appointed President of the University of Sharjah and Chairman of its Board, as of its date.


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Tilal City to Become New Destination for Sport Events in 2022

Tilal City, in line with its vision to promote an active lifestyle and encourage healthy behaviors among residents and the wider community, is looking forward to presenting an exciting lineup of sporting events and activities in the new year.

Cycling events for the new year will kick off mid-January 2022, with races for riders of all skill levels planned for the coming year. Tilal City hosted 3 cycling races, organized by the UAE Cycling Federation, in November and December of 2021. The last race of the year took place on 18 December and saw 65 male and 39 female professional cyclists taking part in the 60km and 36km events, respectively.

His Excellency Yasser Omar Al-Doukhi, Secretary-General of the UAE Cycling Federation, said: “The events hosted by Tilal City are an affirmation of the status and importance of sport. Cycling, especially, continues to draw great interest and attention from people of different ages and nationalities.  In addition to being an easy sport to participate in, it offers many benefits, such as building a healthy and athletic body and preserving the environment. It also contributes to the promotion of sporting culture in society and the advancement of the sport scene in general.”

The previous race attracted participants from various Emirates and clubs, including Shabab Al Ahli, Al Nasr, Abu Dhabi, Al Hamriyah, Ittihad Kalba, Masfout, Al Rams, Al Arabi, Al Jazira Al Hamra, Al Taawoun, Khor Fakkan, Sharjah, Dibba Al Hisn, Al Nasr Club, Abu Dhabi Club, Team Dubai Police, Yas Abu Dhabi team, and Al Wathba team.

Tilal stated: “We are committed to contributing to the promotion of sporting culture in our society and the advancement of the sport scene in general. Our infrastructure can be utilized for cycling training and a range of different sport races and events. The year 2022 will be filled with activities for all ages and we are excited to welcoming people to Tilal City.”