German engineering company CEO visits Hamriyah Free Zone Authority
A leading German Engineering company Leipzig's Chief Executive officer Mr.
Ronald Ludwig along with other high officials visited Hamriyah Free Zone
Authority (HFZA) and met with Director General Dr. Rashid Alleem to
strengthen bilateral business association and to seek investment
opportunities in the free zone.
Dr. Rashid Alleem, Director General Sharjah Department of Seaports & Customs
and Sharjah Free Zones Authority handing over souvenir to Leipzig's Chief
Executive officer Mr. Ronald Ludwig at HFZA.
Leipzig is ranked as one of the biggest medium sizes engineering companies
in east Germany formed in 1991, operating with almost 500 employees and 7
branches with core competencies in refinery technology, petrochemicals and
chemicals.
The Petrochemical zone at HFZA is part of its 7 magnificent zones cluster,
and consists of 26 plots of 5,000 sqm each, makes it the perfect base to
capture the high potential of the buoyant petrochemical market. HFZA's
petrochemical zone is a perfect location for the manufacturers looking to
expand their operations.
"Hamriyah Free Zone (HFZ) is extremely proud of its positive contribution to
the economic growth of Sharjah and the UAE. We estimate the total value of
foreign direct investment (FDI) in our Free Zone has touched $6bn. Our
performance is in line with the vision set for HFZ as a growth engine of the
local economy," Dr. Rashid motioned to the delegate.
"With 5,700 companies from across 140 countries now operating out of
Hamriyah, I believe, the measure of our success lies not in the numbers but
in being hands-on with the emerging social concerns and priorities of both
our internal and external stakeholders, and making a significant, visible
difference to the HFZA community. " Alleem said.
