Aria doubles its investments in Hamriyah Sharjah to 154 million dirhams
during the signing of the agreement.
From the source
The "Aria" group, which specializes in the manufacture of asphalt, oil refining, the development of storage infrastructure and the production of rubber insulators (bitumen) for the construction sector, revealed that it has doubled its industrial investments in the Hamriyah Free Zone in Sharjah to 154 million dirhams, as part of its expansion plan in the region by launching four projects. It includes a bitumen plant, a multi-purpose refinery, a storage plant, and a tire recycling plant.
The group’s investment includes leasing three new lands in the Hamriyah Free Zone, bringing the total leased lands from the area to five lands with a total area of 540,000 square feet, which enhances the position of the Hamriyah Free Zone Authority as a preferred destination for companies seeking to establish their businesses in a competitive location that enjoys ease. Doing business, as well as logistical connectivity and enhancing supply and supply chains with various regional markets.
The announcement of the new expansion of the “Aria” group came through an agreement signed by the director of the Hamriyah Free Zone Authority, Saud Salem Al Mazrouei, and the CEO of the “Aria” group, Merat Bahadlwala, in the presence of a number of officials and managers from both sides.
The group, which established its first factories in the Hamriyah Free Zone in 2021, announced that all new factories take into account the achievement of sustainability and the optimal use of natural resources, based on the group's policy based on the use of renewable energy and contributing to the achievement of the strategic initiative for climate neutrality 2050.
Saud Salem Al Mazrouei stressed that "Aria Group's new investments in the Hamriyah Free Zone, which work to enhance sustainability, are consistent in content and objectives with the UAE policy aimed at strengthening its strategic position in the circular economy system, and in line with Sharjah's strategy based on attracting quality investments and creating the environment." It is appropriate to employ the ideas and innovations of foreign and local companies, to find solutions, services and products that support sustainable growth and push the local economy towards greater prosperity, especially that the factories’ orientations announced by the Aria Group are based on improving the efficiency of the use of natural resources, reducing industrial waste, and extending the life cycle materials and products by adopting environmentally friendly measures.”
Follow our latest local and sports news and the latest political and economic developments via Google news