ARIA Commodities set to invest Dhs154m in Hamriyah Free Zone

Senior officials during the signing ceremony in Sharjah.

ARIA Commodities, a market leader in the field of asphalt and distillate and storage infrastructure development, has announced that it will invest a total of AED 154 million in the construction of four plants in the Hamriyah free zone, including a bitumen plant, a refinery, a Cycle Plant and a Storage Terminal.

ARIA has also announced that it will lease three additional lots in the free zone, bringing the total number of lots acquired to five, with a combined area of ​​540,000 square feet.

ARIA’s new expansion plan was revealed during a ceremony recently held to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA) by Saud Salim Al Mazrouei, Director of HFZA, and Mirat Bhadlawala, Chief Executive Officer (CEO). ) for the Energy Business and Director Responsible for Optimization (COO) of the ARIA Group. The ceremony was attended by several senior officials from both sides.

The new development is expected to further boost HFZA’s leading position as a premier destination for companies looking to base their operations in a competitive environment that offers easy company formation procedures.

The industrial base of the ARIA Group, which is located in HFZA, was established in February 2021. The four new facilities are designed in such a way that they take into account compliance with sustainability standards and the optimal use of natural resources, which which supports the company’s commitment to renewable energy and will certainly contribute to the UAE’s goal of Net Zero 2050.

Sustainability standards

Praising ARIA’s expansion plans, Al Mazrouei stressed that the new investments will not only improve sustainability standards in Sharjah, but also support the UAE’s efforts to enhance its international reputation and embrace circular economy concepts. In addition, his investments will reinforce Sharjah’s strategy, which seeks to develop solutions, services and products that foster sustainable growth and advance the local economy towards greater prosperity.

“ The new ARIA plants will be ecological. The four plants will not only improve the optimal use of natural resources, but also help reduce industrial waste and extend the life cycle of materials and products by adopting environmentally friendly measures,” said Al Mazrouei.

national industrial strategy

“ARIA’s expansion goals are projected to support the national industrial strategy. In addition to increasing the value of products made in the UAE, they will help meet the growing demands of the key sectors on which the country’s national economy is based, such as construction, chemical industries, roads, shipping, petroleum products and logistics services for the aeronautical sector. We will do our best to meet such demands, diversify and enhance the UAE’s exports to various nations in Europe, Asia, South America and Africa,” he added.

For her part, Mirat Bhadlawala emphasized that ARIA aims to be a one-stop shop in road and civil construction, distillate manufacturing and trade, not only within Hamriyah, but also by expanding our reach globally to serve the diesel markets and fuel supply. . Our decision to base our operations in HFZA was a step in the right direction. The free zone is strategically located as an oil zone with a multidimensional infrastructure serving the UAE comprehensively, with north and south within equidistant reach and the port infrastructure helps us not only serve the UAE but also spread our wings to the world. .

It has one of the best infrastructure and support systems for the oil and gas industry, which lifts the investor’s business multiple times and promotes the business globally. HFZA’s cutting-edge technological advancements have increased investor confidence and promoted an ease of doing business backed by online support platforms that connect and help investors at the click of a button.

Bhadlawala added: “Our goal is to create a safer environment globally by introducing renewable and environmentally friendly products that support the circular economy, to be used in the road paving industry; and the refinery will accept green fuel for vehicles and bunkers that comply with IMO 2020. Our plants will serve projects ranging from diversified terrain highways to high-intensity surfaces, such as airport runways.” He stated that the company’s target audience includes highway contractors, fuel supply industries; cement factories (crushers); paving industries; industrial fuel; chemical and paint industries; and the automobile and transport sector.

In addition to offering industrial and commercial land, HFZA, the second largest industrial free zone in the UAE, offers advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially in import and re-export, to the countries of the world. . markets. It also provides myriad competitive advantages, notably a one-stop-shop operation that increases performance efficiency and eases procedures for doing business, along with multiple tax exemptions, repatriation of capital and profits, full foreign ownership of the business, and rapid access to markets. regional and global.

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