Connect with us

Business & Money

Hamriyah Free Zone inks investment deal with UAE’s Grankraft

The Sharjah-based company, Grankraft, is renowned for the implementation of iconic landmarks in the UAE with a strong market presence across the GCC and the world.




The Hamriyah Free Zone Authority (HFZA) has added another industry leader to its investor base after the UAE’s Grankraft company, specializing in metal production for building iconic landmarks, has leased approximately 323,000 sq ft plots of land, with an investment value of AED 22 million in the first phase and AED 45 million in the second phase, bringing the company’s total investment to AED 67 million.

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

The Sharjah-based company, Grankraft, is renowned for the implementation of iconic landmarks in the UAE with a strong market presence across the GCC and the world.

Through a spectrum of services ranging from design, manufacturing and installation, Grankraft is the mind behind the construction of some globally renowned projects such as a resort at Sheybarah South for The Red Sea destination , the hand sculpture at the Museum of the Future in Dubai, the Meydan Hotel in Dubai, the Royal Opera House Muscat, Museum Across Ages in Muscat and the Wave Plaza in Muscat.

The company, which has internationalized its operations during the last years extending its reach beyond GCC region, has also integrated a new Fit-Out division, which added to the current inhouse capabilities, it strengthens Grankraft’s construction services to become a one-stop shop providing every construction and engineering service needed for the building industry under one company. Grankraft has multiple manufacturing plants distributed across UAE, cutting-edge technological capabilities, as well as the highly skilled team of around 800 members including their advanced engineering department

Best creative solutions
“Grankraft’s investment in HFZA confirms the leading position of Sharjah as a favored destination for companies operating the industrial and construction sector, which is a key economic sector in Sharjah and UAE, and one of the pillars of the emirate’s economic diversification strategy,”

“Hamriyah Free Zone’s stellar performance and great reputation 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 unrivaled global connectivity, made it a destination for foreign direct investment and international companies,” added Al Mazrouei.

He pointed out that HFZA offers unique advantages for investors and companies to speed up the spread of their products and solutions and increase their revenues, as well as their direct access to markets with more than 3.5 billion consumers across various sectors in the Middle East, Africa and South Asia.

This comes in line with UAE’s strategic directions and objectives set by the wise leadership for the upcoming stage, noted Al Mazrouei.

A new phase for Grankraft
He noted that the presence of a 14-meter-deep water port, as well as the logistic facilities network, was a key factor for choosing HFZA as it will enable Grankraft to manufacture facilities for one of its iconic projects for The Red Sea destination in Saudi Arabia under development by  The Red Sea Development Company. This project is one of its kind, since for the first time the company is building a complex integrated seamless stainless steel orbs with mirror finish in its Hamriyah Free Zone plant and shipping it from Hamriyah port to the Red Sea Islands. 

He lauded the services and facilities provided by Hamriyah Free Zone and the support and keenness of its officials to provide all needs swiftly and seamlessly, stressing that these factors would help the company carry out its activities effectively and efficiently, and enhance its competitiveness and access to a large segment of customers in regional markets.

In addition to offering industrial and commercial plots of land, HFZA, the second-largest industrial free zone in the UAE, provides advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially in import and re-export to the world’s markets. It also provides countless competitive advantages, most notably a single-window operation that boosts the efficiency of performance and eases procedures of doing business, along with multiple tax exemptions, repatriation of capital and profits, full foreign ownership of the business, and quick access to regional and global markets.

Continue Reading


Hand-&-Hand Hand-&-Hand
News9 months ago

The best sanitizer in the world, Hand & Hand, is here in the UAE

A portion of the proceeds from each purchase of the all-new, all-cool sanitizer will be donated to Dubai Cares in...

Kevin Hart Kevin Hart
Events & Happenings9 months ago

Yas Island goes Hart: Kevin Hart announced as the destinations first ‘Chief Island Officer’

Something big is brewing on world’s most entertaining Island and Kevin Hart is giving a glimpse to the viewers of...

ATM20229 months ago

Tourism 365 to showcase Abu Dhabi’s leisure tourism sector at ATM

The tourism development company aims to highlight its strategic partnerships with the Department of Culture and Tourism – Abu Dhabi...

Terra Solis Terra Solis
Hospitality9 months ago

Tomorrowland to open magical desert destination Terra Solis in Dubai

Visitors from around the world will experience the finest music, a vibrant pool scene, incredible dining, and a unique glamping...

atm-2022-opening-session-2 atm-2022-opening-session-2
ATM20229 months ago

Industry experts optimistic about future of international travel and tourism in the Middle East

High-profile panellists speaking on the ATM Global Stage said flexibility and sustainability would drive long-term growth in regional travel and...

His Highness Sheikh Ahmed bin Saeed Al Maktoum His Highness Sheikh Ahmed bin Saeed Al Maktoum
ATM20229 months ago

Ahmed bin Saeed opens Arabian Travel Market 2022

Middle East’s largest travel and tourism exhibition features 1,500 exhibitors, representatives from 158 global destinations, and an anticipated 20,000 attendees

Best-of-Switzerland Best-of-Switzerland
Expo 2020 Dubai11 months ago

Swiss Evening Showcases Best of Switzerland at Expo 2020 Dubai

Lake Geneva Region of Switzerland Takes Centre Stage At World’s Greatest Show

Yas-Marina-Circuit Yas-Marina-Circuit
Sports11 months ago

The fourth and final Yas Racing series concludes at Yas Marina Circuit

The Abu Dhabi-based circuit enjoyed a thrilling season of motorsport across four rounds

Dominos Dominos
Food & Beverages11 months ago

Alamar Foods, the master franchisee of Domino’s in the MENAP region, launches the 50th Domino’s store in the UAE

Alamar Foods to announce the opening of Domino’s 50th store in the UAE marking UAE’s Golden Jubilee

ARB Emirates ARB Emirates
Automotive11 months ago

ARB Emirates All Revved Up for Upcoming Wheelers Festival in Sharjah

A Nissan Y61 and two other vehicles that will be fully loaded with ARB accessories are going to be prominently...

Terra Terra
Expo 2020 Dubai11 months ago

One million visitors to Expo 2020 Dubai’s Terra – and 95 per cent pledge to make sustainable change

The millionth visitor was Dubai resident Santhosh Fernandes, who was at Expo 2020 Dubai with his wife Sheetal, children Seona,...

Monkey Bar Monkey Bar
Food & Beverages11 months ago

Welcome To The Jungle, Monkey Bar Is Now Open!

Take a walk on the wild side at Dubai’s hottest new venue.

Her Excellency Dr Monique Nsanzabaganwa Her Excellency Dr Monique Nsanzabaganwa
Expo 2020 Dubai11 months ago

African Union displays wealth of culture and vision, while celebrating Expo 2020 Dubai Honour Day

he African Union Pavilion at Expo 2020 Dubai is located in the Opportunity District and tells the story of the...

latest-receipe latest-receipe
Food & Beverages12 months ago

Unwind at the Newly Launched Saturday Night Brunch at Latest Recipe

The modern brasserie presents a relaxed evening atmosphere for guests to unwind with friends and family.

Taqdeer Award Taqdeer Award
Expo 2020 Dubai12 months ago

Prestigious Taqdeer Award celebrates Expo 2020 contractors raising the bar in worker welfare and health and safety

The extraordinary edition of the annual Taqdeer Award recognised both companies and individuals based on their ongoing dedication to upholding...