Money and business

"ArcelorMittal Projects" It launches its third factory in "Al-Hamriyah Free Zone" In Sharjah

Sharjah, February 17 / WAM / Arcelor Metal Projects, a subsidiary of Arcelor Metal Group, a global group specialized in the steel and mining sector, inaugurated its third factory in the Hamriyah Free Zone on an area of ​​1.4 million square feet, as part of its expansion strategy in a step aimed at enhancing its production capacity in the field of manufacturing steel pipes and specialized coating solutions.

This expansion brings the total area of ​​land invested by the company in the Hamriyah Free Zone to about 5 million square feet.

The inauguration was attended by His Excellency Saud Salem Al Mazrouei, Director of the Hamriyah Free Zone Authority in Sharjah, and Hans de Schriver, CEO of ArcelorMittal Group, along with a number of Authority officials.

Al Mazrouei was briefed on the existing production lines within the first and second phases, in addition to the specialized coating facilities and advanced inspection and testing facilities, which include ultrasonic inspection systems, pressure tests, and x-ray tests, in addition to a laboratory accredited according to the highest international standards.

He listened to an explanation about the company’s plans to add another new factory during the next phase with the aim of enhancing production capacity, keeping pace with the growing demand in regional and international markets, especially in sectors related to energy and infrastructure, and enhancing the efficiency of operational processes.

His Excellency Saud Salem Al Mazrouei said that Arcelor Mittal Projects’ investments in the Hamriyah Free Zone confirm the authority’s attractiveness as a preferred destination for international industrial companies in light of the integrated operational capabilities and competitive capabilities that enhance business growth and development. He pointed out that these expansions are consistent with the objectives of the National Strategy for Industry and Advanced Technology and contribute to supporting value chains associated with the energy and infrastructure sectors by strengthening industrial capabilities in the field of specialized steel solutions, thus enhancing the position of the Hamriyah Free Zone as a launching pad for companies towards… Regional and global markets.

His Excellency added that the continuation of international companies in expanding the scope of their operations within the Hamriyah Free Zone confirms the growing confidence in the investment environment in the Emirate of Sharjah and its pivotal role in supporting economic diversification and enhancing the contribution of the industrial sector to economic development. He pointed out that the Authority continues to develop its facilities and services to keep pace with the aspirations of investors and enhance its competitiveness at the regional and international levels in light of its advanced strategic location and its direct connection to a 14-meter-deep commercial port that facilitates import and export operations for companies operating there, in addition to easy access. To the main markets and the advanced infrastructure they provide, logistical services with international standards, and modern facilities that support business.

For his part, Hans de Schriver confirmed that the expansion of the company’s operations in the Hamriyah Free Zone comes within a long-term strategic vision aimed at consolidating its industrial presence in the region and enhancing its ability to support major projects with complex technical requirements in the energy and infrastructure sectors. He explained that the continued investments in developing operational facilities and expanding production capacity reflect the company’s commitment to providing specialized industrial solutions based on global standards of quality and technical efficiency.

He added that the competitive advantages provided by the Hamriyah Free Zone, including its advanced industrial infrastructure and integrated logistics and administrative services system, represent a pivotal factor in supporting the company’s expansion plans and enabling it to reach a wide customer base with greater efficiency and speed and with cost-effective operational mechanisms, which enhances its ability to meet the requirements of regional and international markets with flexibility and operational sustainability.

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