Hamriyah Free Zone Authority Achieves Global Recognition As Second Best Free Zone In 2024

The Hamriyah Free Zone Authority (HFZA) in Sharjah has been honoured with three international awards at the 11th Global Free Zones of the Year awards 2024 by fDi Intelligence. These accolades highlight HFZA's growing status as a prime investment and business hub in the Middle East. HFZA was recognised as the second-best free zone globally in 2024, receiving the Global Free Zone of the Year Award.

Additionally, HFZA earned high commendations in two significant categories: Highly Commended Industrial Free Zone – Middle East and Highly Commended Industrial Free Zone – Globally. These achievements underscore HFZA's ongoing success in attracting major international investors and companies across various sectors, reinforcing its position as a leading business hub in the Middle East and beyond.

The awards also reaffirm HFZA's dedication to fostering a competitive investment environment, enhancing its regional and international standing, and driving economic growth. The 11th edition of Global Free Zones of the Year awards 2024 saw participation from over 65 free zones worldwide. Key evaluation criteria included logistics service quality, industrial sector support, growth in leased space, digital infrastructure, and an increasing number of investors and companies.

The awards considered strategy, innovation, governance, and overall performance indicators. Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, expressed pride in receiving these prestigious international awards from fDi Intelligence. He stated that these accolades reflect HFZA’s commitment to excellence and innovation.

"Our achievements are guided by the wise vision and forward-thinking leadership of H.H. Sheikh Dr. Sultan bin Mohammed Al Qasimi," said Al Mazrouei. "His continuous support plays a fundamental role in promoting Sharjah's sustainable economic growth." The awards mirror the growing global recognition of Sharjah and its free zones as key players in the industrial world.

As one of the largest industrial free zones in the country, Hamriyah Free Zone hosts more than 180 companies operating in this sector. It offers a wide range of industrial lands equipped with modern facilities alongside services that meet international standards, creating an attractive investment environment.

Commitment to Excellence

"We will spare no effort to meet investors’ expectations with high efficiency," Al Mazrouei stated. "At Hamriyah Free Zone Authority, we're committed to keeping up with innovation and excellence." The authority aims to diversify the economy and attract high-quality investments aligned with Sharjah’s strategic visions and future industrial plans.

HFZA continues to improve its services to match best international practices. This commitment ensures it remains at the forefront of global business hubs while contributing to UAE's global competitiveness goals outlined in UAE Centennial 2071.

With inputs from WAM