Soex to start operations in Hamriyah Free Zone by mid 2017 Mirr

Transcription

ISSUE 38 July to September 2016
BUSINESS ZONE
A Q U A R T E R LY N E W S L E T T E R F R O M H A M R I YA H F R E E Z O N E A U T H O R I T Y | W W W. H F Z A . A E
Soex to start operations in Hamriyah
Free Zone by mid 2017 Page 5
Mirr Oils completes US$7.5million expansion
Sharjah’s growing seaports Page 18
Page 8
Business Zone July to September 2016 |
2
www.hfza.ae
www.hfza.ae
Contents
Director’s Message
04
Soex to start operations in Hamriyah
Free Zone by mid 2017
05
India’s Radiant Group to construct
US$10million oil distillation plant in
Hamriyah Free Zone
07
05
Soex to start operations
in Hamriyah Free Zone
08
Mirr Oils completes
US $7.5million expansion
3
Mirr Oils completes US$7.5million
expansion08
Iftin Group expands, leases
additional land 09
Employees celebrate Haq Al Layla
10
11
Ramadan:
Why is it important in the Muslim faith? 11
HFZ team reaches out to investors
at AIM
14
Huge response to Hamriyah Free Zone
India drive
15
HFZA delegation visits
IMA packaging factory in Bologna
16
Daring initiatives are critical
for economic resilience: Sheikh Nahyan
Bin Mubarak Al Nahyan
17
Sharjah’s growing Seaports
18
Sun Management plans to branch out
20
Sharjah Beat
21
Ramadan: Why is it important
in the Muslim faith?
15
Huge response to Hamriyah Free Zone India drive
HFZA delegation visits IMA packaging
factory in Bologna
18
Sharjah’s growing Seaports
16
4
www.hfza.ae
Director’s Message
known in marketing and recycling of used textiles industry. The
company will be starting its operations within the zone by mid2017.
The €5 million, 30,000 sqm factory will also create 300 to 400
job opportunities.
India’s Radiant Group has also decided to construct a $10million
oil distillation plant on an area of 10,000 sqm. The plant, with
a 60,000 metric-tonne-capacity will be operational by the
middle of next year as well.
One of our very own also chose to expand in this quarter.
The firm, German Mirror Lubricants and Greases Company
has expanded its facility with an additional investment of
US$7.5million – with US$5 million for its new grease plant,
US$1.5 million for the blow molding facility and US$ 1 million in
laboratory equipment and testing at international laboratories.
Iftin General Trading has also acquired over 20,000 sqm of
land area to build five warehouses and offices as part of their
expansion plans.
Whether it is multinational firms with plans to expand their
operations or an aspiring entrepreneur with big dreams, HFZA
today offers a range of services and facilities for every need
and budget.
SAUD SALIM AL MAZROUEI
Director
Hamriyah Free Zone Authority
Looking at the second quarter, as we move
into the third quarter of the year, I can say with
certainty that the results have been positive.
During this quarter, as with every other one, we will
be working on further penetrating more markets
and we look forward to channeling our resources
strategically to help emerging businesses by
empowering investors in their ventures.
Witnessing the expansions and start-ups during
the second quarter, I can see that the progress is
definitely in line with the vision and the long-term
strategy of HFZA.
A number of new companies have decided to set
up shop at Hamriyah Free Zone due to its strategic
position, attractive offers and first class facilities.
In the second quarter, we welcomed the north
Germany-based Soex Group, which is globally
The new start-ups and expansions make it obvious that we have
the right strategy to deliver the best to our investors. To our
stake holders, we ensure a responsible regulatory environment,
world-class infrastructure, innovative services and facilities
such as total ownership of businesses, repatriation of capital
and profits, application of one-stop-shop concept for quick
issuance of licenses and a viable visa solution for business
owners and their employees.
Our hands-on approaches towards the priorities of our
stakeholders, adherence to international standards along with
customer-centric policies are surely the reasons which enable
us to provide an environment suited for business.
But none of this would have been possible without our investors
and their expertise in business as well as their dedication. I
would like to take this opportunity to once again thank all our
investors for their continued support over the years and for the
confidence they have shown in us which fuels us to do better.
Warm regards
SAUD SALIM AL MAZROUEI
Director, HFZA
BUSINESS ZONE
A Quarterly Newsletter From Hamriyah Free Zone Authority
ISSUE 38
July to September 2016
EDITORIAL
Tel: +971 6 5133482
Email: [email protected]
ADVERTISING
Tel: +971 6 5133429, +971 6 5133469
Email: [email protected]
Government of Sharjah
PO Box 1377, Sharjah, United Arab Emirates
Tel: +971 6 526 3333 Fax: +971 6 526 3555
Email: [email protected] Web:www.hfza.ae
/HamriyahFZA
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/Hamriyah Free Zone Authority
Business Zone is an in-house Newsletter published by Hamriyah Free Zone Authority for private circulation only. This publication may not be reproduced or transmitted in any form in whole
or in print without the prior written permission from HFZA. The publisher will not accept liability for any errors or omissions contained in this issue. All rights reserved. ©2016 HFZA.
www.hfza.ae
Start Up
Soex to start operations
in HFZ by mid-2017
Saud Salim Al Mazrouei and Axel Buchholz during the signing ceremony at the headquarters of Hamriyah Free Zone Authority
The North Germany -based SOEX
Group, a leading international company
in marketing and recycling of used
textiles, will be starting its operations
from Hamriyah Free Zone by the middle
of 2017.
“We have leased a 322,917 square
feet area in Hamriyah Free Zone and
will be starting the construction
work of the new plant as soon as
possible. We hope we can start our
operations by the middle of next
year,” said Axel Buchholz, Managing
Director of Executive Board of the
Soex Group after signing the contract
with Saud Salim Al Mazrouei, Director
of Hamriyah Free Zone Authority and
Sharjah Airport International Free
Zone.
The SOEX Group has been giving used
textiles a new lease of life for more
than 35 years. Founded in 1977, the
company has sites and shareholdings
in five countries and more than 1,000
employees today.
“This is our first venture in the United
Arab Emirates. We are going to invest
five million Euros for this project and
we plan to export 50% of our products
to African countries and 25% each to
Eastern Europe and the Middle East
respectively,” Axel Buchholz added.
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www.hfza.ae
Start Up
After signing the contract at the headquarters of Hamriyah
Free Zone Authority, Saud Salim Al Mazrouei said:
“SOEX has acquired a land area of 322,917 square feet
in phase two of Hamriyah Free Zone and we remain
committed to giving our valued customers the best
possible infrastructure to help support their growth
aspirations.”
“This step will enable them to grow in the region
and we see this development as another
example of our efforts in empowering
businesses paying off,” Al Mazrouei further
added. Elaborating on the nature of his
business, Axel Buchholz said: “Zero
waste is our philosophy. This can
be done by retaining used textiles
in the product cycle completely,
preserving natural
resources
and the environment in the
process. We do not reject, we
grade and sort – until there
is nothing left to sort. The
highest priority in this is
the prevention of waste; which is why
the wearable clothing is marketed
in over 90 countries worldwide. This
grants the clothing a new lease of
life, preserves resources and eases
the burden on the environment,” he
concluded.
The SOEX Group covers the entire
value chain of used textiles collection,
marketing, recycling and reuse on six
continents.
www.hfza.ae
Start Up
India’s Radiant Group to construct
US$10mn oil distillation plant in HFZ
“This is a state-of-the-art process
where recycled base oils of various
grades are produced apart from fuel
oil and gas oil. Our group has won
awards for its excellence and had a
turn-over of US$21 million last year,”
added Gupta.
Welcoming the group to the
fraternity, Al Mazrouei said: “It is
pleasing to see more manufacturing
units flocking to HFZ, which is surely
a sign that we are progressing. I hope
that Radiant’s new initiative here will
increase its output and expand its
network.”
Saud Salim Al Mazrouei and Vibhor Gupta with other officials after the signing
ceremony
India’s Radiant Group is set to
build its new factory on 107,639 sq
ft of land at Hamriyah Free Zone,
Sharjah, with an investment of US
$10 million.
The 60,000 metric-tonne-capacity
oil distillation plant will be
constructed in the Phase Two of the
free zone by the middle of next year.
Based in Maharashtra, Radiant has
developed in‐house operational and
commercial expertise in oil distillation
processes. It manufactures alternate
petroleum products and refines
used/waste lubricating oil.
“We have leased 107,639 sq ft of land
in phase-two of Hamriyah Free Zone
and the construction of our factory
will start soon,” said Vibhor Gupta,
Managing Director of Radiant Overseas,
after signing the lease agreement with
Saud Salim Al Mazrouei, Director of
Hamriyah Free Zone Authority (HFZA)
and Sharjah Airport International Free
Zone (Saif Zone).
“A number of new companies have
been opening in Hamriyah Free Zone
due to its strategic position and
attractive offers and facilities. Our
goal is to create a robust business
environment by meeting the needs
and demands of our investors,” he
added.
Gupta said that potential customers
across the globe can now look
forward to new product offerings
from Radiant Overseas, such as
special solvents in the paint industry,
agro-industries and other sectors.
“We chose Hamriyah as our regional
base because Sharjah plays a vital
role with its strategic location
between three continents, serving
a growing market of 2 billion
people. Moreover, we found that
the free zone has a well-developed
infrastructure and an environment
suited for growth,” he added.
www.ungersteel.com
• First Steel Fabricator in UAE certified in accordance with:
EN ISO 3834-2:2006, EN 1090-1&2 EXEC 4
• Other Certifications include EN ISO 9001, EN ISO 14001 and BS OHSAS 18001
• Capacity of 40,000 tons of steel construction per year
• More than 560 employees
• In-house engineering
• Hot Dip Galvanizing according to EN ISO 1461 with
our partner Zinkpower Middle East
Unger Steel Middle East FZE, P.O. Box 42251, Hamriyah Free Zone Sharjah, UAE
• Steel Erection where required
Phone +971/6/5132 555, e-mail: [email protected]
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8
www.hfza.ae
Expansion
Mirr Oils completes
US$7.5million expansion
German Mirror Lubricants and Greases Company
German Mirror Lubricants and
Greases Company has expanded
its facility with an additional
investment of US $7.5million.
Mirr Oils, a leading manufacturer of
lubricant and greases, has been operating
from HFZ since 2005 and it has ISO 9001/
ISO 14001 and ISO18001 Certificates.
“To meet the growing market
demand, we have recently invested
US$5 million in our new grease
plant and US$1.5 million for the
blow-molding facility. In addition,
we have spent US$ 1 million in
laboratory equipment and testing
at international laboratories,” Lobo
Ronny, Vice President of Mirr Oils
told the Business Zone newsletter.
“Our laboratories have been awarded
with the ISO 17025 certificate,” added
Lobo Ronny.
“Our current expansion process has
been completed, and we export to
over 50 countries at the moment.
We are now eyeing the South
American and Balkan markets,”
Lobo Ronny explained.
He also thanked Hamriyah Free
Zone Authority for its excellent
support
and
expressed
his
appreciation at the flexibility and
ease of doing business in the free
zone.
“During the first half of this year,
we have exported 22,000mt of
lubricants. Since we have identified
the growth potential of the LPG
business, we are planning to build
tank-ages at the port for the
storage of base oils and LPG in the
near future,” he added.
Lobo Ronny
Saud Salim Al Mazrouei, who
congratulated the Mirr Oils Group
on its new expansion said:
“It is always a pleasure to see the
growth of companies in HFZA. We
offer all kinds of assistance for the
growth and stability of our clients.”
“The facility which is spread over
an area of 15000 square metres in
Hamriyah Free Zone has a modern
laboratory which utilises the
latest manufacturing equipment
to ensure consistency in quality and
performance,” Lobo Ronny elaborated.
In addition to the plant in HFZA,
Mirr Oils has plants in Congo and
Ethiopia. The company has a
range of products to cater to the
automotive, industrial, marine,
aviation and lubricant industries.
It offers oil condition monitoring
testing and toll blending services
as well.
www.hfza.ae
Expansion
Iftin Group expands, leases
additional land
Saud Salim Al Mazrouei and Hassan Ali, during the signing ceremony at the headquarters of Hamriyah Free Zone Authority
Iftin General Trading is expanding
further in the zone to meet the
growing demand for its products.
Hassan Ali, Managing Director of
Iftin General Trading, said that
they would add a 215,278 square
feet area to existing facility to
meet an increase in demand for the
company’s food stuff products.
“Construction work on the warehouses
and offices will commence by
September,” Hassan Ali said after
signing the new lease contract in
June 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 will be recruiting
more as we are going to add many
more products in the near future,” he
said after the signing ceremony that
took place at Hamriyah Free Zone
Authority headquarters.
“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 terms
of 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 the Middle
East’s fastest operating free zone
taking less than two hours for
licensing formalities.
Hamriyah Free Zone houses over
6,500 enterprises from 157 nations,
attracting foreign investment from
more than 500 industry verticals
in key sectors such as oil and gas,
petrochemicals, maritime, steel,
construction and food.
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www.hfza.ae
Celebration
Employees celebrate
Haq Al Layla
From Haq Al Layla celebrations
(HFZA) employees celebrated Haq Al
Layla with various programs on 22nd
May.
Haq Al Layla, which focuses on
strengthening the national identity
and deepening the local heritage,
means ‘give me my right tonight’. It
is an annual traditional event that is
celebrated to mark the arrival of the
month of Ramadan. On the 15th day
of the month of Sha’aban, children
dress in traditional clothes and visit
homes in their neighborhood to
collect sweets and treats. The children
go door-to-door with decorated bags
to sing and collect sweets, nuts and
money.
During their visit, children sing
a
traditional
song
‘Atoona
Allah
yaa’teekoum
bet
Makah
yewadeekoum,’ which means ‘Give to
us and Allah will give to you, and, with
His grace, you will visit Makkah’.
“Haq Al Layla reminds us to
think of one another – especially
our
forgotten-about-neighbors
nowadays. It is a tradition inherited
through the generations over the
years with the ultimate goal of
instilling joy in the hearts of children
and strengthening the community.”
said Noura Al Suwaidi, Head of Marketing in Hamriyah Free Zone Authority.
“It’s a great ice-breaker and a good start for kids not only to get to know one
another in the neighborhood but to learn to give too,” she added.
Saud Salim Al Mazrouei, Director of HFZA and Sharjah Airport International Free
Zone (SAIF Zone); Ali Al Jarwan, Deputy Commercial Director of HFZA, and other
senior officials all attended Haq Al Layla celebrations.
These types of celebrations are practiced in many cultures. The tradition is
celebrated mid-Sha’aban across the Muslim community and is referred to by
different names. In Qatar it is called Garangao, in Bahrain it is called Gergaoon,
in Oman it is called Garangesho, and in Kuwait and Saudi Arabia, it is called
Gargean.
www.hfza.ae
Celebration
Ramadan:
Why is it important in the
Muslim faith?
Iftar party progresses at Al Jawaher Reception & Convention Centre in Sharjah on June 15
Ramadan is the name of the ninth
month in the Islamic lunar calendar.
It is an important month in the
Islamic calendar and culture. Each
day during the month of Ramadan,
Muslims around the world observe
the sacred month by fasting during
day light hours (from dawn to
sunset), performing nightly prayers
in addition to the daily obligatory
prayers, and concluding each day’s
fast over food with family and
friends. At the end of the month is
a three-day holiday that celebrates
the conclusion of Ramadan with Eid
al-Fitr and prepares individuals to
return to their regular daily routine.
Fasting is one of the pillars of
Islam. Fasting is compulsory upon
every sane, adult, healthy Muslim
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www.hfza.ae
Celebration
male and female. People who are
insane, minors, and those who are
traveling, menstruating, or going
through post-childbirth bleeding,
and the elderly and breast-feeding
or pregnant women do not need to
observe the fast.
There are those who may not fast
but have to make up for the missed
days of fasting at a later date.
These include those who are ill (not
chronically) and travelers. Elderly
men and women are exempted from
fasting; so are the chronically ill, and
those who have to perform difficult
jobs under harsh circumstances and
who could not find any other way to
support themselves. They are not
obliged to make up the days they
missed and are obliged to feed one
poor person a day (for every day of
fasting that they do not perform).
Though the young are not required
to fast, it is proper for their parents
or guardians to encourage them to
fast so they will become accustomed
to it at an early age. They may fast
as long as they are able to and then
break it.
The main objective of fasting is to
Photos
From
Iftar Party
achieve piety and righteousness.
During Ramadan while individuals
abstain from food and drink during
day light hours, they get together
over food with families and friends
in the evenings. The meal with
which the fast is broken is called
iftar. Usually the meal is simple,
designed to provide nourishment,
but may sometimes be sumptuous
when there is a large get-together of
family and friends.
www.hfza.ae
Celebration
Abstaining from food has great
ramification on the person observing
the fast, physical as well as spiritual.
It is an exercise for the discipline
and control of the baser self. One
learns how to restrain one’s urges
and desires. Fasting frees the person
from the bondage of lusts and
desires. Abstaining from intakes
also reminds us of the less fortunate
ones, the poor and the destitute.
Fasting gives us a general sense of
how they feel. It boosts the morale
of the poor by knowing that even
kings have to go hungry for a while.
Fasting makes the rich realise and
understand what the poor goes
through day after day. Fasting also
purifies one’s heart and tongue. One
is urged to control himself and learn
how to abstain from vain talk, lying
and cheating. Although fasting is
beneficial to health, it is mainly a
method of self-purification and selfrestraint. By cutting oneself from
worldly comforts, even for a short
time, a fasting person focuses on his
or her purpose in life by constantly
being aware of the presence of God.
The month of Ramadan is not only
the month of fasting. It is also the
month of the holy Qur’an. Ramadan is
the (month) in which the Qur’an was
sent down, as a guide to mankind.
Practicing Muslims congregate at
mosques observing the nightly
prayers (tarawih) that start after the
last prayer of the day, about an hour
and a half after sunset. The nightly
prayers usually last for nearly an
hour. Every night the Imam (leader
in prayer) recites an equal portion
of the Qur’an so that by the 27th or
the 29th night of Ramadan the entire
Qur’an would have been recited by
the Imam from his memory.
As the end of Ramadan approaches,
Muslims prepare for Eid al-fitr (end
of fasting celebration), which draws
Ramadan to a close. Eid is a time of
giving gifts, sharing food, gathering
with family and taking a holiday.
This year’s HFZA Iftar party, which
was conducted under the leadership
of Noura Al Suwaidi, Head of
Marketing in Hamriyah Free Zone
Authority, attracted a number of
staff and senior officials including
Saud Salim Al Mazrouei, Director
of HFZA and Sharjah Airport
International Free Zone (SAIF Zone),
Ali Al Jarwan, Deputy Commercial
Director of HFZA, and others. As part
of the celebration, the organisers
also gave away a number of gifts to
the attendees.
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www.hfza.ae
EVENT
HFZ team reaches out to
investors at AIM
HFZA booth at AIM
(HFZA) successfully participated in
the three-day Annual Investment
Meeting (AIM 2016) which took
place at the Dubai International
Convention and Exhibition Centre
during the second week of April.
HFZA shared a booth with other
Sharjah Government entities at
the Sharjah Pavilion, and it was
visited by representatives of official
delegations from different countries,
reaffirming the importance of
Hamriyah Free Zone and its global
position as a hotspot for investments
and entrepreneurship.
“AIM was an exclusive opportunity to
hold meetings, make contacts and
share expertise with peers from all
over the world. It was a good venue
to feature Hamriyah Free Zone’s
efforts to attract investors via its
competitive facilities and incentives
across different sectors,” said Saud
Salim Al Mazrouei, Director of HFZA
and Sharjah Airport International
Free Zone, on the sidelines of the
show.
“HFZA is the most cost-effective
industrial free zone in the region
and our team hosted a number
of meetings with businessmen
and investors from a number of
participating countries to discuss
investment opportunities in the free
zone. Our aim is to attract direct
foreign investment by showcasing
our best and diverse facilities.” “We
successfully
highlighted
Hamriyah Free Zone’s geographic
location and strategic opportunities,
and its position as the most
interactive and practical free zone in
the UAE and the region,” he further
added.
“We offer the best infrastructure
facilities and services of high quality
to welcome foreign investment in
various sectors like manufacturing,
trade and services,” Al Mazrouei said.
The
vast
investment
options
available at HFZA in various domains,
including industrial, commercial and
services, today serve as a growth
catalyst for both multinational firms
looking to expand operations and
emerging entrepreneurs with big
dreams.
“The Free Zone’s strategic location
which connects it to three seaports:
Hamriyah Port, Khalid Port and
Khorfakkan Port, all well-connected
by an extensive road network
throughout the UAE and GCC, makes
HFZA the ideal transshipment hub
for the Indian Subcontinent, North
and East Africa and the Arabian
Gulf,” he further elaborated.
The HFZA team consisted of Hamad
Al Shamsi, Omar Rashid Al Leem,
Ashik KP, Ajeeb Moidunni, Abdul Aziz
Dawood, Anse Rauf and Geomon.
www.hfza.ae
INTERNATIONAL
Huge response to Hamriyah
Free Zone India drive
Hamriyah Free Zone successfully
completed week-long road shows in
the cities of Bengaluru and Tumkur and
Hassan in Karnataka, India.
The campaign, “Hamriyah Free Zone
– the global choice for investments
and business opportunities in Sharjah”,
attracted investors from the commercial,
industrial and service sectors.
“The road show, which was held in
association with the Federation of
Karnataka Chamber of Commerce &
Industries (FKCCI), was a huge success
in terms of attendance and enquiries,”
said Saud Salim Al Mazrouei, Director
of Hamriyah Free Zone Authority and
Sharjah Airport International Free Zone
(Saif Zone).
“The shows were held as part of our
international promotional tours that
aim to strengthen ties and exchange
experiences with the business and
Saud Salim Al Mazrouei addressing the audience
investment community in India, which is an important
market for us,” he added.
“The majority of our investors are from India and currently
we focus more on the Asian market as part of our strategy.
The road shows were an excellent opportunity to present
various business options and investment opportunities
to the South Indian business community,” Al Mazrouei
stated.
Al Mazrouei was the guest of honour at “Manthan 2016”
grand finale, which took place at Le Meridien Hotel,
Bengaluru. The ceremony honoured a number of top
students who won innovation awards for commercial
projects, which was organised by FKCCI. Dr. A.S. Kiran
Kumar, Chairman of ISRO was the Keynote Speaker for
the event.
T B Jayachandra, Karnataka Minister for Law, Parliamentary Affairs and Higher Education, Tallam R Dwarakant,
FKCCI President and many other dignitaries were also
present for the occasion.
The seminar in Bengaluru, which was held during the last
week of May, attracted a number of young businessmen.
The event in Tumkur was held in association with FKCCI
and Tumkur Chamber of Commerce. Deputy Commercial
Director Ali Al Jarwan gave an introductory speech and
invited investors to start their businesses in Hamriyah
Free Zone.
The team, which consisted of Muhammed Basheer and
Geomon also toured Hassan and met with potential
entrepreneurs.
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www.hfza.ae
International
HFZA delegation visits IMA
packaging factory in Bologna
Saud Salim Al Mazrouei addressing the seminar in Bologna
Hamriyah Free Zone’s delegation
visited two well-known factories
in Bologna, Verona and Brindisi
cities in Italy during the third
week of April. The three-day tour,
aimed at promoting the business
opportunities provided by the free
zone, was a great success.
“The factory visit was aimed at
identifying areas where HFZA and
Italian entrepreneurs could work
together to enhance bilateral trade,”
said Saud Salim Al Mazrouei, Director
of Hamriyah Free Zone Authority
(HFZA)
and
Sharjah
Airport
International Free Zone (SAIF Zone).
“In Bologna, we toured IMA
packaging factory, a world leader
in the design and manufacture
of automatic machines for the
processing
and
packaging
of
pharmaceuticals, cosmetics, food,
tea and coffee. We seek to forge
real long-term partnerships with
the world’s top brands through such
visits and talks,” Al Mazrouei added.
IMA packaging factory officials
explained the technical competence,
production capacity of the factory
and the degree of quality reached by
the manufacturer, which enabled it
to earn world recognition.
“Italian companies have the potential
to become global players and they
can use the UAE as a gateway to
access a market of over two billion
people in the region. Hamriyah Free
Zone has become an important
commercial hub due to its advanced
infrastructure, strategic geographical
location, and sophisticated air, sea
and land ports,” Al Mazrouei said
during his visit to the factory. IMA Group, a winner of Leonardo
Italian Quality Award 2015 owns
more than 1,400 patents and
patent applications in the world.
The company has 4,800 employees
and 34 manufacturing sites in Italy,
Germany, France, Switzerland, Spain,
UK, USA, India and China.
found that many of the attendees
are interested in exploring the Middle
East market.”
“HFZA is the Middle East’s fastest
growing free zone where you can
start a business within two hours.
Almost any business activity is
permitted in HFZA as long as the
activity is environment-friendly and
in accordance with the local rules
and regulations,” he added.
“Currently, we have over 6500 companies,
56 of which are Italian,” he said.
The delegation, which consisted of
Hamad Al Shamsi and Abdul Aziz
Dawood, also organized seminars and
B2B meetings in Verona and Brindisi.
The team, led by Saud Salim Al
Mazrouei, Director of Hamriyah Free
Zone (HFZA) and Sharjah Airport
International Free Zone (SAIF
Zone), also organised a seminar
in association with Unindustria
Bologna and CNA Bologna.
Al Mazrouei said: “We are here
to familiarise the local business
community with the facilities of the
free zone. During our seminar and
interaction with entrepreneurs, we
[email protected]
www.hfza.ae
EVENT
Daring initiatives are critical
for economic resilience: Shaikh
Nahyan Bin Mubarak Al Nahyan
Hamriyah Free Zone Chief Financial Officer T.V. Ramesh (third from left) receives a memento on behalf of HFZA & SAIF Zone
from CA Nilesh Shivji Vikamsey, Vice-President Institute of Chartered Accountants of India (ICAI). Others in the photo are: CA
Pankaj Mundra, Vice Chairman ICAI Dubai Chapter, CA Nimish Makwana, Chairman ICAI Dubai Chapter, CA Naveen Sharma,
Secretary, ICAI Dubai Chapter.
“Bold initiatives by governments
and companies are critical for
economic resilience in the face
of uncertainty in global financial
markets,” Sheikh Nahyan bin Mubarak
Al Nahyan, UAE Minister for Culture
and Knowledge Development, said
in his inaugural address at the 34th
annual international conference of the
Institute of Chartered Accountants of
India (ICAI-Dubai Chapter) in Dubai,
an event which was sponsored by the
Hamriyah Free Zone Authority and
SAIF Zone in May.
Sheikh Nahyan acknowledged the
huge contribution made by finance
professionals towards supporting the
regional economy and for showing
the courage to offer solutions to
overcome the downturn.
“The role of accounting professionals
assumes greater significance as they
assist and protect their clients and
companies from crisis, strengthen
their presence in the circumstances
and offset the financial difficulties when
they occur. People will depend on you
as they try to recover. They will look to
you as the experts on being resilient.
You are the experts who can inspire a
way to continue [in the crisis scenario]
and chart a way back to success
courageously,” he said.
The
two-day
event
featured
international academics, policy makers
and industry professionals and provided
them the platform to meet and share
their research and interests in banking
and finance in addition to hosting more
than 1,000 finance professionals. Speakers underscored the need to make
financial stability more robust and laid
out their views on risk mitigation and
stronger legislation.
In a message, Saud Salim Al Mazrouei,
Director of Hamriyah Free Zone
Authority
and
Sharjah
Airport
International Free Zone, congratulated
the members of the ICAI-Dubai Chapter
on the occasion of their 34th Annual
International Conference.
He said: “This year’s theme- Building
Financial Resilience, Right time Right
now - is rather interesting and relevant
in the present scenario, and hopefully,
this meeting will come to an effective
conclusion.”
“The role of the accounting and auditing
profession has assumed increasing
significance in the globalized economy
and it is heartening to know that
chartered accountants from India are
recognised for their excellence in all
aspects of trade and finance. I feel
that organisations like the ICAI-Dubai
Chapter make an integral and positive
contribution to society.”
“It is a pleasure to know that the
2,200-member ICAI Dubai chapter is the
biggest group of Indian professionals in
the UAE and we are immensely pleased
to be the principal sponsor of this
annual international conference,” he
noted in his message.
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18
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FEATURE
Growing Sharjah Seaports
Sharjah’s three seaports function as a gateway for businesses to access international markets
for suppliers and buyers alike. Read more about Sharjah’s bustling seaports which utilise its
advantageous geographic location to tap into new international and domestic markets.
Sharjah has three deep-water ports
that are dynamic outlets supporting
import and export movement to and
from the emirate.
Sharjah’s main ports are located
at: Sharjah (Port Khalid), Hamriyah
suburb (Hamriyah port) on the
coast of the Arabian Gulf, and in the
eastern area of Khorfakkan city (Port
Khorfakkan) where Oman Gulf meets
the Indian Ocean.
rest of the GCC states, India and
promising markets in Asia and Africa.
Sharjah has connected these ports
with the Sharjah International
Airport by a commercial bridge
that saves shipping time which in
turn helps to decrease insurance
costs and guarantees speed of
transportation. In addition, it assures
wide connecting points with the
Sharjah’s transportation and logistics
development
has
represented
boundless investment opportunities
and it is a known fact that cargo
volumes handled at all Sharjah’s
ports have been growing consistently
in recent years.
tractors, yard cranes, tugs and
forklifts of various capacities.
The port operates 24 hours a day
throughout the year.
Khorfakkan Port
The port is known for providing
fast services for international liner
operators whose operations are
time sensitive for shipping and
unloading. Major container line
operators find Port Khorfakkan ideal
for transshipping their goods.
Overlooking the eastern seaboard,
Khorfakkan Port is the connection
to Asia and the Far East on one
side, and the Middle East, European
countries and the African countries
on the other.
Port Khorfakkan was established in
1978 and started its operations on
21st February, 1979 with a total area
of 100,000 sqm, two berths of 430
metres, two cantilever cranes and
four yard container cranes.
Khorfakkan Port is one of the world’s
leading container trans-shipment
ports, largely due to its proximity
to the main international east-west
shipping routes. It has an overall
storage space of 450,000sqm,
storage facility for over 45,000
TEUs, a 3,000sqm dedicated transit
shed, storage area for LCL cargo, and
the ability to accommodate more
than 1,000 reefer containers at the
facility.
In 1987, Gulftainer Ltd. became the
official operator of the Khorfakkan
Terminal at the port. During the
period from 1991 to 1999, the port
witnessed a lot of development, and
since 2008, it has accommodated
more than 1800 container carriers
and cruise ships annually.
Port Khalid
Port Khalid
Port Khalid, the first container
terminal in the Middle East, is located
in the heart of the Sharjah city. The
port has a roll-on/roll-off cargo
terminal and a free trade terminal.
Port Khalid also has a number of
berths with a variety of shipping
assets, ranging from general, reefer,
dry, liquid and bulk cargo to container
and oil and offshore support services.
Port Khalid enjoys many first-rate
characteristics
and
developed
services that make it attractive
to import and export movement,
transshipping, and other cargo
activities.
The maximum depth of the port is
12.5 metres, so the port is suitable for
most ships, with its number of berths
being 21 plus one oil terminal.
The port has four shore-side gantry
cranes with supporting terminal
The latest developments during
the period 2004-2008 involved
expansion of the port by adding two
www.hfza.ae
19
Feature
Khorfakkan Port
berths of 840 metres long at a water
depth of 16 meters in addition to a
supply of 10 new Cantilever Cranes.
two container terminals with 14m
berth depths, and an inner harbor of
5-7m berth depths.
Logistically, Khorfakkan is very close
to the Arabian Gulf as the port is
linked by a network of national
highways with other neighboring
GCC States and is adjacent to the
main world shipping routes which
join the Far East and the Indian
Continent with Africa, Europe and
the Americas.
In order to fulfill the demands of the
expanding free zone and within the
visionary directives of His Highness
Dr. Sheikh Sultan bin Mohammed Al
Qasimi, Supreme Council Member
and Ruler of Sharjah, and under
the supervision of Sheikh Khaled
bin Abdullah Al Qasimi, Chairman
of Department of Seaports and
Customs and Sharjah Free Zones,
a huge development process was
carried out including the addition of
an inner harbor. The inner harbor’s
first and second phases were opened
in 2003 at the cost of AED 180
million.
Khorfakkan Port makes Sharjah the
only emirate to have ports on both
the coasts of the Persian Gulf and
the Gulf of Oman.
Hamriyah Port
Built in 1986, the activities of this
deep-water port include the export
of petrochemicals, general cargo and
Expansions
and
developments
have increased the facilities and
reclamations of the areas adjacent
to the port has brought the total area
to two million square metres. Today,
the port has facilities to import/
export shipments including dry bulk
cargoes, general cargo, project cargo
manufactured at HFZ, and oil and
gas products.
The depth of water berths in the port
is 14 metres, which enables the port
to accommodate various types of
cargo vessels and tankers, providing
an added advantage for the
investors at HFZ. The port benefits
and serves the needs not only of
companies within the free zone, but
also of industries located in the other
northern emirates.
The inner harbor in Hamriyah Free
Zone is a bustling hub of offshore
support activities, and several
related industries prosper from the
activities of the offshore oil and gas
sector.
Hamriyah Port
Top class services:
In addition, to ensure the quality
of services, the Department of
Seaports and Customs often
organises various training courses
for its staff. This is mainly to
acquire the latest knowledge about
customs-related
developments
which might reflect positively
on their performance and the
customs as a whole. During this
year, a number of training sessions
including: smuggling detection,
customs clearance techniques,
basics and procedures of customs
checking and inspection, the ethics
for a customs officer and ways of
revealing forged documents – were
conducted by the department.
20
www.hfza.ae
MARKET
Sun Management plans to
branch out
Sunil Jagetiya
members, banks, citizens of the UAE,
expats and associates across the
globe,” he added.
Sun Management, is a member of
REANDA International, which is one
of the top 20 audit & assurance,
business consulting and accounting
networks in the world.
In conclusion, Sunil told us: “We
pride ourselves in being the onestop provider of company formation,
accounting and audit professional
services, corporate restructuring,
PRO services, corporate & trade
finance and business & management
consulting services. We always strive
to give our clients full A-Z support
and assistance to assure exceptional
tailor-made packages for their
unique business requirements.”
Sunil Jagetiya with Saud Salim Al Mazrouei
Hamriyah Free Zone-based Sun
Management plans to branch out
to other countries in the coming five
years.
“Dubai Expo 2020 is fast approaching and we are gearing up for
this exciting new era with more
personnel and operational facilities
to seize any opportunities that arise
in this period,” Sunil Jagetiya, Group
Chairman of Sun Management, said
in an interview with Business Zone.
Sun Management, a group of
companies that provide services
in the field of company formation,
audit & assurance, accounting,
trade & corporate finance, business
&
management
consultation,
corporate restructuring and PRO
services, has been active in HFZA
since 2005.
“We plan to keep learning and
progressing even further to provide
our investors with optimum solutions
and options for their requirements
and help them to have the great
experience of doing business in the
UAE,” he added.
“We are one of the very few companies
in UAE that can provide the spectrum
of the above professional services
under one roof with the mission
to give a one-stop integrated
customized solution to the galaxy of
our valued clients.”
When asked about his company’s
growth, Sunil said: “We have more
than 1500 clients from 60 countries
and they have participated and
contributed to the exponential
growth of our company.”
“We were able to achieve this
feat with the continuous support
and cooperation of the dedicated
authorities of the Hamriyah Free
Zone, our valued clients, investors,
various government and semigovernment authorities of the UAE,
our dedicated and committed staff
www.amwajgroup.com
www.hfza.ae
SHARJAH BEAT
NHCR applauds ruling family’s
support to refugees in Malaysia
The United Nations High
Commissioner for Refugees (UNHCR)
has lauded His Highness Dr Sheikh
Sultan bin Mohammed Al Qasimi,
Supreme Council Member and Ruler
of Sharjah, and HH Sheikha Jawaher
bint Mohammed Al Qasimi, Wife of
the Ruler of Sharjah, and UNHCR
Eminent Advocate, for renewing
international
solidarity
and
humanitarian support for displaced
persons worldwide while visiting
refugees in the Malaysian capital of
Kuala Lumpur.
Sheikh Sultan and Sheikha Jawaher
met with refugees in May, including
single mothers who shared stories of
their experiences and the challenges
they faced. Many of the families
expressed their concerns regarding
health, education and shelter.
Sheikh Sultan stressed the importance
of the international community’s
attention to the suffering of refugees
around the world and the need to
move seriously towards providing
them with the requirements for a
dignified life, including shelter, food,
health and education. HH emphasised
that everyone in this world, whether
governments,
institutions
or
individuals, are required to play an
active role in the protection of
refugee families, especially children.
Dr. Nabil Othman, UNHCR Acting
Regional Representative to the
Gulf Cooperation Council Countries,
praised the efforts of Sharjah’s
Ruling family, noting; “HH Sheikh
Sultan Al Qasimi and HH Sheikha
Jawaher’s generosity has touched
the lives of thousands of vulnerable
families in the Middle East and North
Africa region and beyond. Their
Highnesses truly reflect the values
of humanitarianism and compassion,
which are a true translation of the
deep values of Islam.”- WAM
Sharjah Chamber renews MoU with China
Council for Promotion of International Trade
From signing ceremony
The Sharjah Chamber of Commerce
and Industry, SCCI, has renewed a
Memorandum of Understanding
(MoU) with the China Council for the
Promotion of International Trade.
The MoU was signed at the
headquarters of the Sharjah Chamber
by Khaled bin Butti Al Hajri, DirectorGeneral of the SCCI, and Yu Jianlong,
Vice-Chairman
and
SecretaryGeneral of the China International
Economic and Trade Arbitration
Commission, CIETAC, from the
Chinese side, in the presence of
Mohammed Ahmed Amin, Assistant
Director-General for Communication
and Business sector, and a number of
senior officials from both parties.
The MoU, which was signed in April,
aims to further boost cooperation
and exchange of visits between
official and business delegations to
work on providing more opportunities
for trade and investment.
The Memorandum stipulated support
for activities to promote trade and
investment exercised by each party
and to launch initiatives aimed at
strengthening the framework of
cooperation between the business
community of both sides and the
exchange of information and data
and to provide facilities which
encourage
businessmen
and
investors to cooperate with their
counterparts at the other party.
The MoU also stipulated the provision
of assistance to researchers in
the field of economy and trade to
supplement the business sector with
information that contributes to the
development of economic relations
between the two countries.
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22
www.hfza.ae
SHARJAH BEAT
Sharjah Museums Department
celebrates 10th anniversary
developed 16 of the region’s finest
museums, covering science, the arts,
archaeology, Islamic civilisation, the
marine world, calligraphy, Sharjah’s
history and much more.
Manal Ataya, Director General of
Sharjah Museums Department, said:
“This significant anniversary presents
us with the perfect opportunity
to look back on the past ten years
and ensure we are aligned with
our objectives. When His Highness
Sheikh Sultan launched SMD in
2006, he did so with the intention
of it becoming a driving force for
the appreciation of local heritage,
culture, and the arts. He also wanted
it to spearhead education campaigns
for children so that they would grow
up with a deep understanding of our
heritage and the world around us.”
Sharjah Museums Department
celebrated International Museum
Day on 18th May with five days of
fun-filled challenges starting from
the heart of Sharjah. The occasion
also celebrated the department’s
tenth anniversary with a review of its
successes over the past decade and
a raft of new measures to improve
visitor experiences.
The department was founded in
2006 by HH Sheikh Dr Sultan Bin
Mohammed Al Qasimi, Ruler of
Sharjah, with a mandate to support
Emirati, Arab and Islamic heritage
and to further the appreciation of
culture and the arts among the wider
community.
Since then, SMD has managed and
One of SMD’s main achievements
has been to attract exhibitions
from some of the most prestigious
museums in the world, including, but
not limited to, The Tate, the Victoria
and Albert Museum, the Vatican
Museums, the Berlin Museum of
Islamic Art, the Cobra Museum
of Modern Art, Netherlands, and
the Gibran National Committee,
Lebanon.
Julio Iglesias wows thousands of fans in
Sharjah concert debut
The internationally acclaimed
Grammy Award-winning singer and
songwriter, Julio Iglesias, took to
the stage at Al Majaz Amphitheatre
in Sharjah, wowing and entertaining
thousands of music lovers during the
first week of May.
In his debut concert in Sharjah, held
against the spectacular backdrop
of the Buheirah Corniche, Iglesias
treated his audience to a number
of hit songs and chartbusters from
his most popular albums as well as
the more recent ones, leaving his
thousands of fans demanding for
more.
Iglesias’ music is known for its
celebration of love, peace, tolerance
and humanity, the values that are
championed and cherished by
Sharjah and the UAE. The Julio
Iglesias concert is part of Sharjah’s
ongoing efforts to promote a culture
of arts and appreciation of music in
the emirate. Al Majaz Amphitheatre,
managed by Sharjah Media Centre,
is at the forefront of this movement
to enrich the art and cultural scene
in the UAE and the region, providing
quality and healthy entertainment
with a moral purpose to the public.
While speaking to journalists,
Iglesias said that music is the
perfect instrument and platform
to bring people together no matter
what borders, colour or creed they
represent and that he was happy
to be part of Sharjah’s efforts to
promote understanding and dialogue
between various cultures.
Iglesias, who has sold more than
300 million records in 14 languages
during his nearly five decades in
the business, has 80 albums to his
credit, making him one of the bestselling artists of all time. He also
happens to be the father of Latin
pop sensation, Enrique Iglesias. He
holds two Guinness World Book of
Records distinctions for selling the
largest number of records in most
languages and the Best Selling Male
Latin Artist for 2013.
www.hfza.ae
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Soex to start operations in Hamriyah Free Zone by mid 2017 Mirr

Transcription

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