31 st Issue - Hamriyah Free Zone

ISSUE 31 (October - December 2014)
A quarterly newsletter from Hamriyah Free Zone Authority | ISSUE 31 (October - December 2014)
Hamriyah Free Zone
Director’s
Message
boosts Jordan trade links
A
s the UAE’s fastest-growing free zone,
Hamriyah Free Zone Authority (HFZA)
has been widely acknowledged for its
transparent and investment friendly
laws and regulations that have seen it emerge as
the preferred business hub of the region. While
HFZA serves as a gateway to creating business
opportunities and promoting inward investment,
we also believe that the true yardstick of our
success comes from the way in which we ensure
that the needs of all our stakeholders are met and
how we contribute to the development of the
communities.
To attract increased investment in the free zone, Hamriyah Free Zone
Authority (HFZA) marked its debut participation at Interbuild Jordan
Fair 2014, a four-day event held from 22nd to 25th September at Zara
Expo in Amman, and catering to the construction, building materials,
interior design and the decoration industry.
M
ore than 120 exhibitors
from
the
U.A.E.,
India, China, Greece,
Hungary,
Belgium,
Egypt,
Palestine
and
Jordan
displayed their products and services
in the exhibition. The exhibition was
a huge success and saw the turnover
of more than 5,000 visitors. Traders,
manufacturers
and
exporters
of construction materials from
several countries including Jordan,
eyed business growth through
Interbuild Jordan Fair 2014 which
was inaugurated by Prime Minister
Abdullah Ensour.
Representing Hamriyah Free Zone
at the event was Saud Salim Al
Mazrouei, Director of HFZA and SAIF
ZONE, Hamad Al Shamsi, Senior
Sales Officer and Abdul Aziz Dawood,
Senior Sales Officer.
According to Saud Salim Al
Mazrouei, “Our team interacted
with different industrialists and
key players in the construction
sector who visited our booth in
the fair. Jordan is an important
market for the free zone and we
are considering giving various
incentives to expand their
operations in the Middle East
region.
“Hamriyah Free Zone is an
ideal trans-shipment hub for the
Indian Subcontinent, North and
East Africa and the Arabian Gulf.
It houses 5,700 enterprises
from 155 countries, attracting
foreign investment from more
than 500 industry verticals in
the key sectors like oil and gas,
petrochemicals, maritime, steel,
construction, and food,” he
added.
HFZA is committed to preserving the environment
and believes that sustainability begins within our
own operations. Accordingly, we have established
high performance standards for environment,
health and safety (EHS) at our facilities and are
now upgrading our systems with the launch of an
air pollution monitoring system.
It therefore gives me great pleasure to announce
that HFZA is the first free zone in the UAE to
implement this measure which monitors all
aspects of the environment in adherence to the
international standards and guidelines. Apart
from leading to heightened awareness of the
importance of EHS across our operations, the
new air pollution monitoring system - to be
managed by the internal environment department
- will also help in identifying and managing risk or
breach of norms by companies operating within
the Free Zone.
In addition, the information and data provided
by the new system will help facilitate the
environmental report for third party consultants on
behalf of the industrial organizations in HFZA. This
move also reinforces that the workplace health
and safety of our people and the preservation of
the environment in which we operate are core
values of our CSR activities.
Warm Regards,
Saud Salim Al Mazrouei
Director, HFZA
HFZA NEWS
US$ 126.45 million
terminal to open in HFZA
Hazel International FZE (HIF), owned by Veritas (India) Limited (VIL), is to
invest US$ 126.45 million to open a facility on 30,000 sq m area of land
that will provide complete end-to-end solutions for liquid and solid cargo
handling at Hamriyah Free Zone Authority (HFZA).
Saud Salim Al Mazrouei,
Director of HFZA performs
the groundbreaking
ceremony of the US$
126.45 million
Hazel International
facility at HFZA on 3rd
September, 2014.
T
he groundbreaking
ceremony held at
Hamriyah Free Zone
on 3rd September,
2014 was attended by Saud
Salim Al Mazrouei, Director
of HFZA; Saurabh Sanghvi,
Group Director of HIF;
Rajaram Sanbhag, CFO of
HIF; and other high-ranking
officials from both the
entities.
Scheduled to be operational
within 18 months, the
terminal will have facilities
to
store
chemicals,
petrochemicals, base oils,
bitumen,
vegetable
oil,
gases,
liquified
gases,
ethanol, bio-fuels and edible
oils. Besides storage, the
terminal will also provide
facilities like distillation,
extraction,
hydrogenation
and fractionation.
Welcoming
Hazel
International to the HFZA
fraternity, Saud Al Mazrouei
2
said, “Our goal is to create a
robust business environment
by meeting the needs and
demands of our investors.
Today HFZA has emerged as
the second largest hub for
petrochemicals, oil & gas,
bunkering and storage in the
UAE.”
The integrated petrochemicals
and chemicals/handling and
processing facility will be
a state-of-the-art terminal,
said S. Mukherjee, Terminal
Manager for the HIF Group.
“No terminal in the Middle
East has this capability. This
facility of distillation will be
unique and the first of its kind
in the region.”
The complete end-to-end
solutions envisaged at the
Hamriyah port facility includes
fully integrated drumming
services,
re-packaging
services and processing of
liquids through distillation,
blending and providing state-
“Our goal is to create
a robust business
environment by
meeting the needs
and demands of our
investors. Today
HFZA has emerged
as the second
largest hub for
petrochemicals, oil &
gas, bunkering and
storage in the UAE.”
of-the-art
system.
warehousing
“HFZA
has
extended
us extensive support to
establish our plant,” he
added. “We will construct
four pipelines from jetty to
terminal for smooth and
efficient operations. The
terminal will construct 30
tanks, with a total capacity
of 180,000 cubic meters.”
ISSUE 31 (October - December 2014)
With the idea of interacting face-to-face with partners and potential customers and capturing a large target audience
of industry professionals, Hamriyah Free Zone Authority (HFZA) participated at the 5th edition of the Annual
International Industrial Fair INNOPROM that was held in Yekaterinburg, Russia from 9th to 12th July 2014. The Fair
exposition combined thematic areas dedicated to machinery industry, production automation, robotic technology,
logistics, modern materials, energy efficiency and IT solutions.
A
li Saeed Al Jarwan, Sales
& Marketing Manager and
Abdul Aziz Dawood, Senior
Sales Officer represented HFZA at
INNOPROM 2014 which was held
under the theme of “intelligent
industry”
and
showcased
innovative technologies, materials
and solutions contributing to
growth of efficiency of production
processes. The Plenary Session of
INNOPROM 2014 was attended in
person by Russian Prime Minister
Dmitry Medvedev.
Spread over 50,000 square meters
of exhibition space, the event
attracted more than 600 exhibitors
while business delegations from
70 countries attended the 150
business events held over the
course of four days.
“Our participation at the event was
timely as there are many Russian
firms looking to expand to the
Middle East and Asia,” ‘said Ali Al
Jarwan.’
“The business delegates were
impressed
with
the
huge
opportunities for all sectors and
investments in the Hamriyah Free
Zone and the emirate of Sharjah
especially as its state-of-theart infrastructure and advanced
transportation networks allow
for easy access to local and
international markets.” he added.
“Networking at the event has
helped Hamriyah Free Zone in
opening up new avenues of
cooperation in various areas,
particularly
with
the
huge
participation of both the public and
private sectors from across the
globe,” he concluded.
Free zones are a major driver
of economic development and
inward investment worldwide and
companies were keen to get the
best value out of their overseas
facilities, said Abdul Aziz Dawood.
“Hamriyah Free Zone particularly
has been attracting global investors
due to its responsible regulatory
environment,
world-class
infrastructure, cost-effectiveness,
incentives, ease of doing business
and an ideal geographical location
to base business operations in.”
“We are passionate about our
business, are receptive and
respond to innovative ideas and
solutions very promptly. This has
allowed us to provide outstanding
services and facilities to our clients
on an ongoing basis,” he added.
Over the four days of the
exhibition,
nearly
50,000
visitors attended the trade fair
– amongst whom 30% were
senior executives from Russian
and international corporations,
state regional administrators, and
members of the governmental
sector in Russia.
70% of the visitors were business
sector managers, management
and consultants from industrial
Exploring potential business partnerships in East India
Hamriyah Free Zone Authority (HFZA) gained an insight
into the prospects of construction industry in Eastern
India with its participation at the 12th International
Building, Architecture, Construction & Engineering
Technology Trade Show (BACE Expo) held in Kolkata,
West Bengal, from 15th to 17 August, 2014.
BACE Expo is well established as an effective
industry forum of interaction between the technology
manufacturers/suppliers and is a meeting point of
building & construction industry professionals.
By bridging the gap between consumers and
suppliers, BACE Expo offers significant platform for
business construction and development, noted Ashik
KP, Sales Officer, HFZA, who attended the event along
with Salma Humaid Al Ali, Senior Marketing Officer.
“BACE Expo was an ideal platform to network and
communicate with stakeholders in the building and
construction industry,” he added. “In our talks and
discussions with high-ranking officials of both the
public and private sectors, we received several serious
enquiries as many investors were keen to know about
the infrastructural facilities and other amenities offered
corporations. The largest foreign
visitor numbers were recorded
from China, Japan, Germany,
Thailand, the Middle East and Latin
America.
HFZA EMERGENCY
CONTACT LIST
HFZA Security Main Gate:
+971 (6) 5263070
HFZA Head Office:
+971 (6) 5263333
+971 (6) 5263222
HFZA Visa Department:
+971 (6) 5263000
HFZA Customs:
+971 (6) 5263080
Hamriyah Port:
+971 (6) 5263388
Hamriyah Police:
+971 (6) 5253333
Sharjah Coast Guard:
+971 (6) 5282999
at the Free Zone,” explained
Ashik.
The HFZA delegates held
several meetings during the
exhibition
and
highlighted
the advantages of being in a
strategic location to access
global markets. The officials
also raised awareness of the
various competitive incentives
of investing in the Free Zone
including 100% ownership and
100% repatriation of capital and
profits.
3
HFZA NEWS
Opening up new avenues of cooperation at INNOPROM
H F Z A PA R T I C I PAT I O N S
Opportunities for HFZA
investors highlighted at Izmir Fair
Attracting more than 1,200 exhibitors from nearly 70
countries, the 83rd edition of the International Izmir
Exhibition held in Turkey from 29th August to 2nd
September 2014 has become a significant driver for
a wide range of consumer and industrial products.
This prestigious and large scale multi-sectoral
international trade exposition thrusts several
business sectors onto the forefront: from automotive
industry to logistics to food products, and also sound
technologies and the construction sector.
H
amriyah Free Zone Authority’s (HFZA) participation in the
event gave its delegates the opportunity to access, in one
location, over 1,000 international industry trade visitors.
Omar Rashid Alleem, Commercial Officer and Abdul Aziz
Dawood, Senior Sales Officer joined the influencers and decision
makers in highly interactive discussions and a selection of auxiliary
events to network and build partnerships.
“This annual exhibition
has earned a welldeserved reputation for
delivering spectacular
return on investment
and for HFZA, the
event also served to
enhance our business
performance by
learning more about the
global markets.”
- Omar Alleem
“The International Izmir Exhibition is the oldest trade show in
Turkey and the event serves as a platform to foster trade relations,
boost cross border investment and promote tourism and cultural
activities,” said Omar Alleem. “This annual exhibition has earned
a well-deserved reputation for delivering spectacular return on
investment and for HFZA, the event also served to enhance our
business performance by learning more about the global markets.”
“The exhibition covers the whole gamut of businesses including
textiles, construction and construction material, organic chemicals,
plantations, medical tourism and medical equipments. For HFZA,
this fair is an ideal platform to establish contacts with buyers from
Russia, the Russian speaking countries, Eastern Europe and North
African countries,” he added.
Dozens of business entities and individuals expressed genuine
interest in learning more about the UAE and its potential as a prime
gateway to other markets, said Abdul Aziz Dawood. “We were
able to showcase Sharjah in general and Hamriyah Free Zone in
particular, as a cost-effective business hub and a sound financial
center with well-developed sea, air and road transport capabilities
and a highly developed infrastructure making it an attractive
business friendly environment for investment.”
“The international general commerce fair served as a prime platform
for exploring direct business opportunities and generation of leads
with a client profile that transcends various business categories,”
he added. “The event gave us some very positive feedback from
investors and we are confident of entering into profitable business
partnerships with some key players in various industries,” said
Abdul Azeez Dawood.
Email: [email protected] Web: www.phoenixdxb.com
4
ISSUE 31 (October - December 2014)
Hamriyah Free Zone Authority (HFZA) was an active participant at the India
Warehousing Show (IWS) held from 8th to 10th July 2014 at Pragati Maidan in
New Delhi, India. IWS is an annual meeting place where warehousing, material
handling, storage, AIDC, intra-logistics, supply chain, transport & logistics industry
professionals meet visitors from various end-user industries.
R
epresenting HFZA at the event was Ajeeb
Moidunni, Sales Officer, who said that
more than 8,000 industry professionals
representing high-level decision makers
and buyers from across the globe attended the
three-day event. The exhibition served as the ideal
forum for HFZA to meet targeted visitors from a
wide variety of industry sectors and network within
the industry.
A robust international presence and displays of
latest trends and innovations showcasing a large
variety of products, solutions and technologies puts
the India Warehousing Show in the spotlight every
year.
Encouraging
response
to HFZA’s
participation at
Construct India
“IWS was a great opportunity to reinforce
Hamriyah Free Zone’s existing business
relationships,” added Moidunni. “At the
conference, held alongside the exhibition, there
was opportunity to meet and network with
industry professionals from around the world to
discuss the potential prospects for cooperation in
the Middle East region, laying special emphasis
on the UAE.”
The event served as an opportunity to highlight
HFZA’s investment opportunities in addition to
pointing out its strategic location as a business
hub with direct access to the Gulf and the Indian
Ocean, offering an instant gateway to more than
two billion people in 160 countries, he added.
With more than 5,700 investors from across
154 nations operating out of Hamriyah, the Free
Zone’s year-on-year performance is in line with
the vision set for HFZA as a growth engine of the
local economy.
Hamriyah Free Zone Authority (HFZA) showcased its portfolio at
The Big 5 Construct India 2014 held from 11th to 13th September
at the Bombay Exhibition Centre in Mumbai, India.
M
uhamad Basheer,
Head of Business
Development
Department
and Ajeeb Moidunni, Sales
Officer,
represented
HFZA
at the high-profile event that
brought together world-class
consultants, architects and
key decision-makers in the
construction industry. Held under
the theme of “Sustainability”,
the event provided a unique
platform for openly discussing
critical issues that influence
the future of architectural and
energy efficiency promoting
technologies, systems and
solutions for high performance
buildings.
“The Big 5 Construct India was
a significant event which closed
on a high note for HFZA as it
served as a platform to connect
with Asia’s leading construction
and
design
companies,
some of whom have evinced
keen interest in looking into
investment opportunities at
HFZA,” said Basheer.
and enhance our access to the lucrative
subcontinent market,” he added. “There have
been many inquiries for both office and land
space and we are expecting to receive several
first-time Indian investors in the UAE in the
coming weeks.”
The three-day exhibition, which was
organised by the Federation of Indian
Chambers of Commerce and Industry (FICCI)
and Ministry of Urban Development, attracted
over 4,000 industry professionals and more
than 200 global exhibitors from 24 countries.
Large numbers of trade visitors flocked to the
show on the lookout for new suppliers, fresh
product ideas, various construction materials
and essential equipment. Given that green and
sustainable construction techniques are vital to
the future of the industry across the world, The
Big 5 Construct India also had presentations
on the LEED ratings system, including how
to comply alongside real-world examples of
successful building projects.
“The Big 5 was an excellent
venue to showcase our portfolio
5
H F Z A PA R T I C I PAT I O N S
HFZA reinforces existing business
relationships at India Warehousing Show
6
ISSUE 31 (October - December 2014)
ulf Petrochem Group, a leader in oil Space
and Energy Business, is focused on providing
integrated solutions for customers and creating
unique value for stakeholders across its supply
chain, production and manufacturing pla nts.
The company came to be founded in Sharjah’s Hamriyah
Free Zone when the owners, Ashok Goel and Sudhir
Goyel, came to the UAE from India in early 1998 to look for
opportunities related to petroleum-based oils and lubricants.
The competitive incentives and unique growth opportunities
offered at the Free Zone enabled them to establish the first
refinery here with full company ownership and exemptions
from all commercial duties with the additional advantage of
repatriation of capital and profits.
The commissioning of its first refinery was soon followed
by its condensate splitter in Hamriyah Free Zone. The stateof-the-art refinery with its distillation columns is capable of
handling a large spectrum of petroleum-based feedstock.
The two refining units have a joint processing capacity of 500
tonnes per day of light crude.
The company began operations with a mission to become a
global oil conglomerate with a focus on providing integrated
solution to its customers and creating unique value for its
stakeholders through integrated operations and consistent
positive yields.
The company is currently active in petroleum products
refining and trading and operates through six business
units including oil refining, oil trading & bunkering, grease
manufacture, Bitumen manufacture, oil storage terminals
and shipping & logistics. Headquartered in United Arab
Emirates and having a presence in South Asia, the Far East
Asia, Africa and Europe, Gulf Petrochem has emerged as one
of the well-established manufacturers and traders of petroleum
products in major parts of the world. These products include
mainly naphtha, gas oil on light end and fuel oil.
The group’s global growth and development provides a service
in silo or an end-to-end solution for customers looking to refine,
store, trade and deliver oil, gases and lubricants all over the world.
To cater to the growing demands of petrochemicals, the Group
has invested in Hamriyah Free Zone for petrochemicals storage
and distribution.
Gulf Petrochem has an active and competitive trading desk with
extensive knowledge in handling a wide range of petroleum
products, with strategic infrastructure of Oil Terminals, Supply
Vessels and Supply & Trading team based in various global
locations. Establishing itself as a dependable international trading
company, it focuses mainly on the following products: fuel oil,
gas oil, bitumen and base oils.
By creating the right mix of trading and bunkering activity,
Gulf Petrochem seeks to strengthen the sourcing arm of the
company to support the bunkering business in UAE. Currently,
Gulf Petrochem FZC and its subsidiaries cater to various ports
in the UAE and India with plans to establish into various global
markets.
The company’s port storage terminal in Hamriyah acts as a pillar
of strength in its manufacturing process, by providing storage for
vessel loads of feedstock and paving way for new dimensions
like blending products to create customer-specific grades. It also
goes a long way in supporting trading and offering storage to its
customers and potential customers as a business proposition.
The facility has a total of 14 tanks with capacities ranging from
600 cbm to 3,700 cbm adding to a total of 35,000 cbm, with
separate pipelines to the berth for white and black products.
Safety practices are an integral part of the way the operations
are run at this facility. It is equipped with a weighbridge for
weighing road tankers for inward and outward movement of
goods by surface transport. The storage facility also has the
capability to handle high pour point products such as Bitumen
and Rubber Process Oil that require heating and insulated
storage and piping.
77
HFZA PROFILE
G
Oil conglomerate at HFZA plans
global market expansion
HFZA PROFILE
Quality and affordability mark
Liftek’s industrial lifting solutions
Since it commenced operations in November 2003, Liftek FZC has become one of Middle
East’s most comprehensive rigging shop and testing facility. Liftek offers everything that’s
needed for any industrial lifting or safety application, combining quality products with stateof-the-art testing services made available at its world-class testing facility at Hamriyah Free
Zone-Phase 2.
E
very product that is
manufactured
here
passes a strict quality
control
procedure
and is certified for safety
and durability. This constant
pursuit of perfection is what
has made the company
gain, within a decade, an
outstanding reputation for
being a reliable and efficient
manufacturer of lifting, cargo
lashing and safety equipment.
Liftek FZC gained its ISO
9001:2000 certifications within
months of it commencing
operations.
The company
is also ISO 14001 & OHSAS
18001 certified by DNV and
its team of over 125 dedicated
professionals carries out the
mission of providing quality
services at affordable prices
on an everyday basis. In
addition, it is also a member
of the Lifting Equipment
Engineer’s Association, UK.
From its 150,000 square
feet facility comprising of
office, factory and yard, the
company serves as a major
supplier of rigging equipment
to companies in various
industries. Liftek offers a wide
8
variety of wire rope products
including cable laid slings and
grommets, and steel wire rope
of various sizes especially for
the Heavy Lift, Offshore and
Marine sectors.
Liftek maintains a large stock
of wire rope for various
applications. Its high quality
wire ropes are sourced from
Europe, Korea, India and
UAE. All ropes conform to the
relevant international and local
specifications and are supplied
with Test Certificates. Liftek
currently manufactures wire
rope slings up to 64mm (2-1/2
inch) diameter.
The
company
also
manufactures and tests chain
slings and has a large stock of
Grade 8 chain accessories. Its
Flat Webbing Slings are made
with high tenacity polyester
webbing and its round slings,
particularly useful for lifting
loads of a fragile nature,
are color coded for ease of
identification and are available
in a complete range of sizes
and strengths.
Liftek also offers its clientele
an entire range of Selantic
slings which are a new
generation of lifting slings
made from high performance
fibres. They are proven to offer
safe and reliable lifting both for
onshore, offshore and subsea
lifting operations. An unrivalled
level of performance is offered
due to their unique choice of
construction, materials and
manufacturing
technology.
Incidentally, Liftek is the sole
Middle East agent for Selantic
Heavy Lift slings and other
associated products.
The
company
also
manufactures and supplies
a wide range of fall arrest
equipment and accessories
which are designed at its
design office in the UK.
Liftek uses the highest
quality accessories so that
safety of the user is never
compromised. It is the sole
agent in the Middle East for
ARRESTA static ropes. Its
cargo lashing systems, made
with high quality polyester
yarn, are lightweight and easy
to use. The company also
keeps a significant stock of
polypropylene mooring ropes.
The company is constantly
adding to its product range
to become a one-stop shop
for lifting, rigging and safety
products. Its inventory
also includes a selection of
shackles, clamps, hoists and
various other attachments,
fittings, or any other type
of hardware to complement
a client’s wire rope rigging,
lifting rigging or crane
rigging job. These products
are exported to more than
25 countries, with an ever
increasing client base that
includes global names such
as McDermott, Saipem,
NPCC, Lamprell, etc.
Liftek also specializes in
crane and lifting equipment
inspection services, wire
rope spooling jobs, wire
rope lubrication, test weight
rentals and other offshore
and marine services.
The company’s factories
in Dubai and Sharjah are
equipped with the latest
manufacturing and testing
machines and equipment
that ensure that a quality
product
reaches
the
customer every time.
ISSUE 31 (October - December 2014)
HFZA MOMENTS
HFZA hosts Iftar during Holy Month
of Ramadan
More than 100 Hamriyah Free Zone Authority (HFZA) employees and their families enjoyed a special Iftar hosted
in their honor at the Kahraman Majlis at Al Jawaher Reception & Convention Center in Sharjah on 16th July.
I
n the charming atmosphere of the Kahraman Majlis,
employees and their families were treated to a culinary spread
of sumptuous traditional Arabic dishes. High ranking officials
of the Hamriyah Free Zone, heads of various departments,
and employees across all sectors attended the event.
The idea behind hosting an Iftar dinner during Ramadan, a time
of heartfelt prayer and togetherness, was to renew the ties
that bind the employees together and look forward to learning
more from each other in the years ahead. The event was a great
success and was superbly organized by a cross-section of HFZA
employees from various departments including Fatima Alzarouni,
Ghada Almazmi, Ebrahim Ali, Naama Alobad, Aisha Akram and
Amer Ahmed.
Amongst the many highlights of the Iftar event hosted by HFZA
were the numerous team-building games that provided a lot of
fun, excitement and bonding for the employees and their families.
Arabic perfumes and several other attractive prizes were given
away as gifts to the winners and participants. The highlight of the
evening was a lucky draw with the winner walking away with a
brand new television set.
The event concluded with the organizing committee wishing all
employees and their families a blessed Ramadan with peace,
good health, and prosperity and calling on all those present to
embrace the spirit of Ramadan throughout the year.
9
H F Z A D E L E G AT I O N S
Turkish delegation visits HFZA to
discuss bilateral trade cooperation
A delegation of Independent Industrialists and Businessmen Association (MUSIAD) from Turkey
visited the headquarters of Hamriyah Free Zone Authority (HFZA) on 22nd September 2014
and held discussions with Saud Salim Al Mazrouei, Director of HFZA and Sharjah Airport Free
Zone (SAIF ZONE) to not only reinforce UAE-Turkey trade ties but also enter a new chapter in its
relations and future business developments.
“HFZA has been
dealing with
several Turkish
companies for
many years and
both our free zones
have a keen interest
in investors from
Turkey.”
- Al Mazrouei
T
Saud Salim Al Mazrouei, Director of HFZA, discussed bilateral trade cooperation with
Serdar F Kumbaraci, Commercial Attache of Consulate General of the Republic of Turkey in
Dubai and Gazi Misirli, Presidential Representative of MUSIAD at HFZA headquarters.
he delegation comprised of Serdar F
Kumbaraci, Commercial Attache of Consulate
General of the Republic of Turkey in Dubai;
Ali Avci, Assistant Commercial Attache of
Consulate General of the Republic of Turkey in
Dubai; and Gazi Misirli, Presidential Representative
of MUSIAD. The Turkish delegation was warmly
received by Saud Salim Al Mazrouei, Ali Al Jarwan,
Sales and Marketing Manager and Abdul Aziz
Dawood, Senior Sales Executive of HFZA.
Al Mazrouei, who discussed the bilateral trade
cooperation between HFZA and Turkish companies,
also invited MUSIAD, which contributes 15% to
Turkey’s GDP, to utilize the logistic advantages of the
free zones and expand to the region.
“We are happy to cooperate with MUSIAD through
the Consulate General of Turkey in the UAE,” he
added.
In response, Serdar F Kumbaraci assured the
economic cooperation of MUSIAD and support for
HFZA and SAIF ZONE in the future.
The commitment to boost economic ties and forge a
strategic partnership is in line with the vision of the
leaders in the two countries and the aspirations of the
two peoples as well as the business communities in
the UAE and Turkey.
“HFZA has been dealing with several Turkish
companies for many years and both our free zones
10
have a keen interest in investors from Turkey,” said
Al Mazrouei.
“MUSIAD is a non-governmental, non-profit
and voluntary-based businessmen’s association
with 5,500 members who represent over 15,000
companies,” added Al Mazrouei. Established in
1990, MUSIAD has 33 branch offices all over Turkey
with 113 allied contact points in 46 countries.
Trade between the UAE and Turkey has sped past
the target of reaching US$10bn a year by 2015, with
officials now eyeing trade of US$15bn by next year.
Just three years ago, trade between the two nations
stood at around US$5bn annually.
Trade exchanges between the UAE and Turkey
increased by 288 per cent in 2012, according to
an Abu Dhabi Turkey Business Forum. With trade
exchanges of both countries rising dramatically, there
are great opportunities and capabilities, particularly in
the field of construction and contracting. According
to an HSBC Global Research report, Turkey is set to
become the UAE’s second most important export
destination by 2030 – it currently sits outside the top
five.
In this growing sphere of intra-regional ties, the
UAE’s geographical and cultural proximity to Turkey
is also creating fresh opportunities for business. In
addition, bilateral relations between the two nations
have also grown steadily in recent times.
ISSUE 31 (October - December 2014)
the MENA region at India roadshow
Hamriyah Free Zone Authority (HFZA) held an interactive networking session with more than100
Indian businessmen each in the cities of Bhubaneshwar, Odisha and Kolkata, West Bengal on 11th and
12th August respectively as part of an event organized by the Confederation of Indian Industry (CII) to
enhance business opportunities for Indian investors in the Gulf region and the Middle East.
H
FZA delegates at the roadshow event in
India included Muhamed Basheer, Head
of Business Development Department;
Ashik KP, Sales Officer; and Salma
Humaid Al Ali, Senior Marketing Officer.
advantage of the favorable business environment
at HFZA to set up facilities or expand to new
regions from their base at Hamriyah Free Zone.
Pointing out that more than $2 billion have been
invested in the Free Zone till date, the delegates
highlighted the advantages of setting up business
In their power point and video presentations to
the Indian business community, HFZA delegates
highlighted the top intrinsic advantages of setting
up business operations in HFZA. “We had many
serious enquiries from both small and medium
in a strategic location to access global markets
and drew attention to the various competitive
incentives of investing in the Free Zone including
100% ownership and 100% repatriation of capital
and profits.
business owners wishing to expand to diversify
their existing business and we look forward to
completing the registration formalities for these
companies at HFZA in the near future,” said
Basheer.
“We have more than 5,700 investors from across
154 nations worldwide who have invested in
the Free Zone both due to its geographical and
logistical advantages including access to three
seaports as well as the infrastructural facilities
and high quality services we offer to welcome
foreign investment,” said Muhamed Basheer in
his address to the attending invitees.
India is forecast to be the UAE’s top export and
import destination by 2030, according to the latest
HSBC Trade Forecast. Currently, it is India’s top
export destination, accounting for more than 10
per cent of its tangible exports.
CII has been closely working with Hamriyah Free
Zone Authority since several years now to promote
the capabilities of the Indian industries in the West
Asia region, particularly in the UAE. Hundreds of
Indian companies and entrepreneurs have taken
Trade between the two regions has grown quickly,
reaching $75 billion in 2012-13, up from $43
billion in 2009-10. Rising demand from India’s
emerging economy and growing middle class is
also expected to open myriad opportunities across
the MENA region. Business ties between the two
nations have grown stronger out of centuries of
exchange of culture, commodities and ideas.
11
H F Z A PA R T I C I PAT I O N S
HFZA highlights business opportunities across
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PO Box 232004, Dubai, UAE | PO Box 42453, Hamriyah Free Zone, Sharjah, UAE
[email protected] | [email protected] | Mobile: + 971 50 6377 326 | + 971 55 6377 326 | + 971 50 569 8829
Hamriyah Times is an in-house Newsletter published
by HFZA. For private circulation only.
For Advertising contact Marketing :
Tel. : +971 6 526 3333 E-mail : [email protected]
Fax : +971 6 526 3555 Website : www.hfza.ae
For internal circulation only. This publication may not be reproduced or transmitted in any form in whole or in part without
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2013 HFZA. All rights reserved.
12
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