UAE's Hamriyah Free Zone is emerging as a key hub for the steel and iron industries in the Middle East and Africa. The zone hosts over 450 steel companies and operates across a vast 50 million square meters, accounting for 16% of the region’s total area, solidifying its position as a strategic center for the steel industry. Saud Salim Al Mazrouei, the director of the Hamriyah Free Zone, discussed the region’s investment opportunities during the "Italian Critical Equipment Days" event in Milan, aiming to attract more investors.
During the event, Al Mazrouei emphasized the region’s robust infrastructure and geographic advantages, which have captured the attention of investors. He highlighted that benefits such as full ownership rights, tax exemptions, and the freedom to transfer capital and profits offer significant opportunities for steel sector investors. Al Mazrouei also stated that ongoing collaborations in the region would further strengthen its strategic position within the steel industry.
The Hamriyah Free Zone is home to major companies such as Belelli Energy and ArcelorMittal. The acquisition of Belelli Energy by Tosto Group stands as a testament to the region’s strong partnerships, with Al Mazrouei noting that such investments will contribute to the region’s continued growth. The acquisition of Belelli Energy by Tosto Group marks a major step, not only for the company but also for every employee and their families in the region. These large-scale investments are contributing not only to the economic growth but also to the social development of the area.
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