The company entered with an investment of 67 million dirhams
"Sharjah Hamriya Free Zone" attracts Indian "Grancraft"
Al Mazrouei and Ji.
George during the signing of the Memorandum of Understanding.
From the source
The Hamriyah Free Zone Authority in Sharjah has announced the joining of the Indian company "Grancraft" specialized in the metal production sector for building facilities and mega projects, to the list of companies that take the "free zone" as a base for their work.
The authority revealed that Gran Craft leased a land in the free zone with a total area of 323,000 square feet, with an investment value of 22 million dirhams in the first phase, and 45 million dirhams in the second phase, with a total investment of 67 million dirhams.
The company's announcement of its investments in the Hamriyah Free Zone came during the signing of a memorandum of understanding that took place at the authority's headquarters recently.
According to the statement, "Gran Craft", headquartered in Sharjah, is famous for its implementation of a number of iconic projects in the UAE, and has a strong presence in the Arab Gulf countries and the world, among its most prominent projects: a hotel in the southern Shaibara islands in the Red Sea, and the Museum of the Future, The Meydan Hotel, The Wave Project in Muscat, the Royal Opera House in Muscat, and the Museum of Oman Through Time in Muscat.
The company owns several manufacturing facilities in the UAE, has advanced technological capabilities and has more than 800 employees.
Saud Salem Al Mazrouei, Director of the Hamriyah Free Zone Authority in Sharjah, said that the authority is always seeking to attract unique companies with quality specializations that provide the best services and innovative solutions within various sectors, including manufacturing and construction technology, to enhance the position of the Emirate of Sharjah as an incubator for advanced technologies in the industrial field and new innovations. This embodies the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on the importance of investing in the innovative sector in the emirate.
Al Mazrouei added that the outstanding performance and global position enjoyed by the Hamriyah Free Zone as a preferred destination for companies and investments in the construction and innovative sectors, as well as the availability of commercial and logistical infrastructure and a multi-modal interconnection network, made it a magnet for strategic foreign direct investment, and a launching pad for international companies.
On his part, the director of GranCraft, J.
George, the company stands at the gates of a new stage through its new investment in the Hamriyah Free Zone, taking advantage of its strategic location and unique components, value-added services for companies, as well as a network of logistics facilities and a port with a depth of 14 meters.
Follow our latest local and sports news and the latest political and economic developments via Google news