HFZA Showcases Investment Opportunities In Steel Sector At Italy's Critical Process Equipment Days

Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority (HFZA) in Sharjah, highlighted the zone's significant impact on the steel and iron industry. He described it as a vibrant hub for investors, offering strategic access to both regional and global markets. The free zone is home to over 450 companies in the steel sector, spanning an area of 50 million square feet.

The HFZA delegation participated in the Italian Critical Process Equipment Days in Milan. This event gathered leaders and experts from Europe's steel industry and other major players. Through this participation, HFZA aimed to showcase Sharjah’s investment opportunities and attract new investors while exchanging information with prominent companies in the iron and steel industry.

During the event, Al Mazrouei emphasised HFZA's commitment to participating in global events to highlight Sharjah’s robust infrastructure and attractive investment environment. He noted that Hamriyah Free Zone plays a key role in promoting economic diversification within the emirate. The zone is accelerating its efforts to expand sustainably, offering a wide range of opportunities for investors looking to establish operations.

The free zone's delegation also engaged in several meetings to highlight HFZA’s facilities, services, and strategic advantages. These include its prime geographical location. The delegation was led by Al Mazrouei, accompanied by officials and department directors from the authority.

Al Mazrouei shed light on the strong presence of renowned steel companies within Hamriyah Free Zone. Notable names include Belleli Energy, ArcelorMittal, Lamprell, Eversendai, Technomak, Ungersteel, Zink power, among others. He also congratulated Tosto Group on acquiring Belleli Energy. He expressed pride in HFZA's role in supporting this strategic partnership since allocating land to Belleli Energy in 2002.

The state-of-the-art 130,000-square-metre Belleli Energy facility in Hamriyah is equipped with heavy mechanical workshops and advanced machinery designed for manufacturing essential equipment for oil, gas, and energy sectors.

Showcasing Industrial Manufacturing Park

During the event, HFZA showcased the benefits of establishing businesses within its industrial manufacturing park. This park hosts the largest concentration of steel manufacturers in the Middle East and North Africa region. Al Mazrouei noted that this sector accounts for about 16 percent of HFZA's total area of 300 million square feet.

The free zone aims to attract new investors by highlighting its comprehensive solutions, logistical capabilities, and advanced infrastructure. Through these efforts, HFZA continues to position itself as a key centre for the steel industry across the Middle East and Africa.

The participation at international events like those held in Milan underscores HFZA's dedication to expanding its reach globally while strengthening ties with existing partners. By showcasing its offerings on such platforms, HFZA seeks to enhance its reputation as a leading destination for investment within the region.

With inputs from WAM