His Excellency Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority in Sharjah, stressed the leading role played by the zone in promoting the steel and iron industry sector as a dynamic business center that serves investors and provides them with strategic access to regional and global markets, explaining that the authority includes more than 450 companies in the steel sector covering 50 million square feet, noting that this sector represents about 16% of the total area of the zone of 300 million square feet, making it a center for the iron industry in the Middle East and Africa region.
This came during the authority’s participation in the “Italian Critical Equipment Days” in Milan, which brought together a group of steel industry leaders and experts from Europe and leading countries in this sector. During its participation in the event, it aimed to introduce its investment opportunities and attract more investors to the Emirate of Sharjah, exchange information with major companies operating in the iron and steel industry, in addition to holding meetings to showcase its facilities and services and highlight the advantages of its strategic geographical location.
The delegation participating in the event included His Excellency Saud Salem Al Mazrouei, accompanied by a number of officials and department managers at the Authority.
In his speech at the event, His Excellency Al Mazrouei stressed the Authority’s keenness to participate in various events to promote the infrastructure and investment environment that distinguishes it, within the attractive opportunities that the Emirate of Sharjah offers for investment in various sectors, including the steel sector, pointing out that the free zone has established its role through which it contributes to enhancing economic diversification in the emirate, and continues its expansion and sustainable growth and provides various opportunities for investors wishing to establish their businesses to benefit from its solutions, logistical capabilities and advanced infrastructure.
Strategic partnership with steel industry companies
His Excellency Al Mazrouei referred to the steel industry companies investing in the Hamriyah Free Zone, which include prestigious brands such as Belelli Energy, ArcelorMittal, Lamprell, Eversendai, Technomac, Ungersteel, Zinc Power and others. In his speech, he congratulated Tosto Group on its acquisition of Belelli Energy, expressing his pride in the Authority’s role in supporting this strategic partnership since allocating a land area to the company in 2002, highlighting Belelli Energy’s advanced facility, which occupies an area of 130,000 square meters in the Hamriyah Free Zone, and includes heavy mechanical workshops and machines for manufacturing basic equipment to meet the needs of the oil, gas and energy sectors.
Introducing investment opportunities in the steel sector
During the event, the Authority succeeded in highlighting the advantages of establishing businesses in its industrial zone, which includes the largest gathering of steel manufacturers in the Middle East and North Africa region, as it hosts more than 200 companies specialized in welding and mining that use the region as a base for their global business.
Hamriyah Free Zone is one of the largest free zones in the UAE, and includes industrial and commercial lands. It is characterized by an advanced infrastructure and modern facilities that enhance the external expansion plans of its investors, especially in the industrial sector. Hamriyah Free Zone Sharjah has many competitive advantages, most notably the availability of a single window of operations that enhances performance efficiency and facilitates doing business, multiple tax exemptions, freedom to repatriate capital and profits, full business ownership, and rapid communication with regional and global markets.
