Hamriyah Free Zone Continues to Play Key Role in Boosting Sharjah’s Economic Growth

Hamriyah Free Zone Continues to Play Key Role in Boosting Sharjah’s Economic Growth

WAM

2021 was a very successful year for the Hamriyah Free Zone Authority (HFZA) in Sharjah, where it has continued to consolidate its position as a favoured investment destination for various types of businesses, besides its role in supporting the economic growth in the Emirate of Sharjah.

During the last year, the Authority has attracted 9 international companies from the USA, African countries, India, and others.

These investments are spreading out over an area of 850,000 sq ft ranging from warehouses and plots of land, with a total investment value of about AED 271 million. “Such figures clearly reflect the outstanding facilities, incentives, and advantages provided by HFZA to further strengthen its attraction to investors,” the Authority said.

“Since its establishment, Hamriyah Free Zone has played a significant role in strengthening the position of the Emirate of Sharjah as a destination for global investments and a business centre in the Middle East. This is attributed to the continued success of the Authority in attracting investors and international companies operating in various economic sectors,” said Saud Salim Al Mazrouei, director of the Hamriyah Free Zone Authority. “The previous year’s figures demonstrate HFZA’s solid presence its pivotal role as a gateway to the markets of various countries, regions in the world.