Hamriyah Free Zone remains first choice for foreign investments
Hamriyah Free Zone Authority further cements its prominent status as a global business destination for companies and businesses wishing to go global
The Hamriyah Free Zone (Hfz)-based Awail Al-sham, owner of Al Awail brand for prayer times clock and other innovative E-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for Hamriyah Free Zone Authority ( HFZA) as its new headquarters, achieving a growth rate of more than 100 per cent in the number of destinations of export.
With this announcement, HFZA further cements its prominent status as a global business destination for companies and businesses wishing to go global.
Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, during his tour to Al Awail facilities, underscored HFZA’S commitment to bolstering investors, especially in the industrial sector, in line with the UAE’S Unified Industrial Brand Identity – Make it in the Emirates, stressing that the Authority spares no efforts to help investors and companies develop their products and services and increase their exporting destinations, as well as provide all the facilities and support to strengthen the value and global competitiveness of domestic products.
“The Emirate of Sharjah is by far one of the most important regional and global destinations in spurring innovative and creative products and industries. This comes in line with the directives of His Highness Sheikh Dr Sultan Bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, who always calls for diversifying and enhancing the competitiveness of the domestic economy,” added Al Mazrouei.
He went on to say: “Innovation is part and parcel of the success of any investment wishing to go global and expand its consumer base. Thus, we at HFZA are commited to enticing such innovative investments that contributing to pushing forwards harjah’ s sustainable development process, through the manufacturing of new and creative products.” Commending the quality of services and facilities provided by HFZA and its growing status as a perfect destination for his company’s investments, Eng. Yasser Hussain Al-othman, General Manager of Al Awail, thanked and appreciated the unlimited support of the Authority officials and their keenness to provide everything possible for the success of his company.
“The ideal investment environment of the UAE and Sharjah, in particular, has greatly helped us expand our customer base and go global. Not only that but the UAE’S adoption of innovation and its practices and the state’s keenness to encourage innovators and creatives made it the favored destination by all innovators, something that significantly helped our company grow further and penetrate a large number of foreign markets,” he added.
Authorized by 100,000 mosques worldwide, Al Awail’s digital prayer timings clock is available in over 10 languages, including Arabic, English, French, German, Russian, Kurdish, Japanese, and more.
In addition to Al Awail Prayer Times - Assalatu Noor App which includes auto Azan, Azkar Al Sabah Wal Masaa, Hisn Al Muslim, Al Ruqyah Al Shariah, and Quran, the company produces school bell clocks and prayer times for TV screens, with more than 500 models to meet all requirements and needs.
In addition to offering industrial and commercial plots of land, HFZA, the second-largest industrial-free zone in the UAE, provides advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially in import and re-export to the world’s markets. It also provides countless competitive advantages, most notably a single-window operation that boosts the efficiency of performance and eases procedures of doing business, along with multiple tax exemptions, repatriation of capital and profits, full foreign ownership of the business, and quick access to regional and global markets.
Meanwhile the Hamriyah Free Zone-based ATS Terminals FZE has increased its tank storage capacity from 42,000 CBM to 72,000 CBM by commissioning phase III, making a total investment of Dhs55 million in HFZA. The state-of-theart terminal is completely automated with very efficient and new generation tank monitoring & loading systems, tank gauging system, automated firefighting system, and 24 /7 security surveillance.
ATS Terminals offers services like bulk liquid storage and bulk liquid transportation of chemicals and petroleum products. ATS Terminals will be planning the phase IV expansion to increase the storage volume to 100,000 CBM in 2022.
Such expansions are yet another testament to HFZA’S position as a key and perfect destination for the foreign investments willing to expand their businesses in the region.
Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, accompanied by HFZA officials and directors, toured the new facilities of the Indian company.
, where they were briefed on the different phases of the new expansion and the procedures for the storage process according to the best international standards, commending the company’s role in supply, distribution, transport and shipping chains, as well as the innovative mechanisms adopted in the process of storing liquid chemicals and petroleum products.