A Turkish Delegation Investigates Potential Prospects in the Food Park of Hamriyah Free Zone.
- March 1, 2023
- FMCG HORECA BUSINESS
The Hamriyah Free Zone Authority (HFZA) has welcomed a high-level Turkish delegation consisting of 143 VIPs, officials, and directors of the most renowned food and beverage firms.
The purpose of the delegation's visit was to investigate fresh investment prospects and observe the high-quality services offered to investors in this crucial area. The delegation was welcomed by HH Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority, and a number of HFZA executives and heads of departments.
During the tour, the Turkish team was informed on the investment incentives and benefits provided by the "Food Park" of the free zone, the first and biggest integrated metropolis for food and commercial businesses in the United Arab Emirates and the region. They were presented to the complex's specialised services, intended specifically for investors in the food business.
In addition, the guests were informed of the integrated business environment for local, regional, and international food companies, which includes the facilitation of import and export operations, storage, processing, and packaging of foodstuffs, as well as warehouses and world-class logistics services.
fostering investment partnership
HE Saud Salim Al Mazrouei, in welcoming the Turkish delegation, emphasised HFZA's eagerness to attract Turkish investments and promote stronger investment and trade ties between the UAE and Turkey, especially given that the UAE is Turkey's primary trading partner in the Arab region, with non-oil foreign trade valued at approximately AED 50,368 billion in 2021. He remarked that the bilateral and commercial ties between the two nations had lately seen significant improvement.
Al Mazrouei continued by stating that the "Food Park" inside HFZA plays a significant role in bolstering the UAE's and Sharjah's commercial sectors. The facility, which serves as a vital centre for the food sector, provides a variety of commercial licencing incentives, including processing, assembly, packaging, and manufacturing.
He noted that investors may take advantage of exemptions on import and export taxes, as well as access to industry experts and regulatory authorities to remain abreast of the most recent best practises. In addition, the complex offers a platform for direct connection with investors in the food sector, supporting ongoing commercial operations.
Using new markets
The Hamriyah Free Zone, which is home to over 6,500 investors from 162 nations worldwide, was thoroughly described to the Turkish delegation. The presentation highlighted the free zone's outstanding efforts to attract and increase foreign direct investment flows, thereby bolstering Sharjah's economy in a variety of important sectors, including food, logistics, heavy industries, minerals, the maritime sector, oil and gas, and entrepreneurship.
The Hamriyah Free Zone is one of the most recognised and prosperous free zones in the area, providing a critical platform for businesses seeking to enter new markets and increase their development from inside the free zone. Sharjah's strategic position at the core of world commerce and its closeness to other key locations in the UAE, the region, and beyond make it an attractive investment destination.
The team inspected the infrastructure and logistical services supplied by a number of firms in the free zone and food park. They were pleased by the available competitive advantages and facilities, as well as the ease of getting several licences within one hour.
In addition, the visitors valued the administrative, technological, and logistical services that made doing business simple. They were especially pleased by Hamriyah Free Zone's intelligent platforms and digital services, which make it one of the most adaptable free zones.