Sharjah's HFZA Highlights Steel Investment Opportunities At Italian Conference

Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority (HFZA) in Sharjah, said that the free zone plays a key role in boosting the steel and iron industry, noting that it hosts over 450 steel companies, covering an area of 50 million square feet.

Al Mazrouei called HFZA an important hub for investors with easy access to both regional and global markets.

While attending the Italian Critical Process Equipment Days in Milan, Al Mazrouei pointed out that the steel sector makes up about 16% of the total 300 million square feet of the free zone, further establishing its position as a major center for the steel industry in the Middle East and Africa.

The event brought together leaders and experts from the steel industry in Europe and other key regions. By participating, HFZA aimed to promote Sharjah's investment opportunities and attract new investors while also sharing information with leading companies in the iron and steel industry.

The HFZA delegation, led by Al Mazrouei and joined by officials and department directors, attended several meetings to highlight the free zone's facilities, services, and strategic benefits, including its prime location, WAM reported.

During the event, Al Mazrouei emphasized that the authority is dedicated to participating in global events to highlight Sharjah's strong infrastructure and attractive investment environment, especially in the steel sector.

He mentioned that Hamriyah Free Zone plays an important role in promoting economic growth in the emirate and is working to expand sustainably. The free zone offers many opportunities for investors to set up operations and benefit from its comprehensive solutions, logistics, and advanced infrastructure.

He pointed out the presence of well-known steel companies in the Hamriyah Free Zone, such as Belleli Energy, ArcelorMittal, Lamprell, Eversendai, Technomak, Ungersteel, Zink Power and others.

Al Mazrouei also congratulated Tosto Group on acquiring Belleli Energy and expressed pride in the authority's support for this partnership since it first allocated land to the company in 2002.

HFZA director mentioned that the Belleli Energy facility in Hamriyah, covering 130,000 square meters, is equipped with heavy mechanical workshops and advanced machinery. It is designed to manufacture important equipment for the oil, gas and energy sectors.