Germany, Sharjah bilateral business

German officials seek investment opportunities in Sharjah free zone and discussed bilateral relations during their visit to Hamriyah Free Zone Authority (HFZA) on Wednesday. A leading German Engineering company Leipzig’s CEO Ronald Ludwig along with other high officials visited Hamriyah Free Zone Authority (HFZA) on Wednesday and met with the Director General Sharjah Department of Seaports & Customs and Sharjah Free Zones Authority Dr Rashid Alleem to strengthen bilateral business association and to seek investment opportunities in the free zone. Leipzig is ranked as one of the biggest medium sizes engineering companies in east Germany formed in 1991, operating with almost 500 employees and 7 branches with core competencies in refinery technology, petrochemicals and chemicals. The Petrochemical zone at HFZA is part of its 7 magnificent zones cluster, and consists of 26 plots of 5,000 sqm each, makes it the perfect base to capture the high potential of the buoyant petrochemical market. HFZA’s petrochemical zone is a perfect location for the manufacturers looking to expand their operations. “Hamriyah Free Zone (HFZ) is extremely proud of its positive contribution to the economic growth of Sharjah and the UAE. We estimate the total value of foreign direct investment (FDI) in our Free Zone has touched $6 billion. Our performance is in line with the vision set for HFZ as a growth engine of the local economy.” Dr Rashid motioned to the delegate. “With 5,700 companies from across 140 countries now operating out of Hamriyah, I believe, the measure of our success lies not in the numbers but in being hands-on with the emerging social concerns and priorities of both our internal and external stakeholders, and making a significant, visible difference to the HFZA community,” Alleem said. From:Gulftoday