Hamriyah Free Zone inks investment deal with UAE’s Grankraft

The Hamriyah Free Zone Authority (HFZA) has signed an agreement with UAE’s Grankraft company, specialising in metal production for building.

It has leased approximately 323,000sq ft plots of land, with an investment value of Dhs22m in the first phase and Dhs45m in the second phase, bringing the company’s total investment to Dhs67m.

This came during the signing of a Memorandum of Understanding (MoU) by Saud Salim Al Mazrouei, director of the Hamriyah Free Zone Authority, and J. George, director of Grankraft, in the presence of officials from both sides.

“Hamriyah Free Zone always strives to attract companies offering the best services and creative solutions in diverse sectors such as manufacturing and construction technology. This is in line with the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, so as to strengthen the emirate’s position as an incubator for advanced technologies in the industrial sector and new innovations,” said Al Mazrouei.

George underlined that his company is always looking for new ways to develop its services so that it can implement iconic landmarks and projects, adding that “Grankraft is on the cusp of a new phase with its investment in Hamriyah Free Zone and taking advantage of its strategic location and outstanding services.