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UAE Freezones Biz News Updates
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Iftin to expand facilities in Hamriyah Free Zone
Iftin General Trading, a Hamriyah Free Zone-based company, is planning to
expand its facilities in the zone to meet the growing demand for its
products.
Hassan Ali, Managing Director of Iftin General Trading, said they would add
215,278 square feet area to its existing facility to meet the increasing
demand for its foodstuff products.
“The construction work of warehouses and offices will commence soon,” Hassan
Ali said after signing the new lease contract with Saud Salim Al Mazrouei,
Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport Free
Zone (SAIF Zone).
“We will build five warehouses as well as offices in the newly leased area.
Currently we have over 70 staff members and we are going to recruit more as
we are going to add many more products,” he said after the signing ceremony
that took place at Hamriyah Free Zone Authority Head Quarters on Sunday.
“We have a strong presence in South Sudan, Ethiopia, Somalia, Iraq, Libya
and the Middle East region,” he added.
“The continuous investment by Iftin General Trading in Hamriyah Free Zone
shows their confidence and edge in the market in production and quality. We
are always happy to see the growth of existing companies,” said Al Mazrouei.
Hamriyah Free Zone Authority (HFZA), the second largest industrial free zone
in the UAE, is also Middle East’s fastest operating free zone taking less
than two- hour processing time for licensing formalities.
Hamriyah Free Zone houses over 6,500 enterprises from 157 nations,
attracting foreign investment from more than 500 industry verticals in the
key sectors like oil and gas, petrochemicals, maritime, steel, construction
and food.
Jun 27, 2016 |
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Courtesy Saudi Gazette
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