HFZA Showcases Competitive Advantages At SteelFab 2025 To Attract Global Investments In Steel Industry

The Hamriyah Free Zone Authority (HFZA) is taking part in the 20th SteelFab exhibition. This event is organised by Expo Centre Sharjah with backing from the Sharjah Chamber of Commerce and Industry (SCCI). Running from 13th to 16th January, the exhibition showcases over 600 global brands and 350 exhibitors from 33 countries, spotlighting leaders in the metalworking sector.

HFZA's involvement aims to highlight the benefits of establishing businesses in its Industrial Manufacturing Park. This park hosts the largest number of steel manufacturers and fabricators in the Middle East and North Africa. It accommodates over 200 companies specialising in welding and mining services, acting as a hub for their worldwide operations.

The free zone offers numerous competitive advantages, including strategic access to Hamriyah Port. It provides comprehensive logistics solutions, storage facilities, and cargo handling services. These features make it an attractive destination for investors looking to expand their operations in the region.

Saudi Salim Al Mazrouei, Director of HFZA and SAIF Zone, emphasised SteelFab's significance as a global gathering for top steel fabrication companies. "SteelFab is a premier global gathering for steel fabrication top-notch companies," he stated. HFZA participates annually to attract more investments into the iron and steel sector by engaging with major global players.

The zone aims to promote its competitive advantages for steel companies. These include a strategic geographic location, advanced infrastructure, modern facilities, and warehouses. Such offerings are designed to enhance production efficiency and boost export capabilities within the sector.

At SteelFab 2025, HFZA uses its pavilion to showcase its pivotal role in supporting both global and regional iron and steel trade. The zone is recognised as a key hub for these industries in the Middle East and Africa. It serves as a preferred destination for specialised heavy industries.

Comprehensive Business Environment

HFZA accommodates over 450 companies investing in the steel sector across an area of 50 million square feet. This sector alone accounts for 16 percent of Hamriyah Free Zone’s total area of 300 million square feet. The authority exemplifies sustainability and innovation by combining competitive advantages with state-of-the-art infrastructure.

The zone consistently participates in various exhibitions to highlight its potential as a strategic partner for investors in construction and urban development sectors. It stands out with key investment advantages like a one-stop-shop system that enhances operational efficiency.

Incentives for Business Growth

HFZA offers comprehensive tax exemptions, unrestricted repatriation of capital and profits, and allows 100 percent foreign ownership of businesses. Its strategic connectivity provides access to both regional and global markets, making it an ideal choice for international investors.

This commitment to fostering a supportive business environment ensures HFZA remains a magnet for investors from the UAE and beyond. By showcasing its offerings at events like SteelFab, HFZA continues to draw attention from major industry players worldwide.

With inputs from WAM