Sharjah's HFZA signs agreement for 126,348m2 of land within free zone
HFZA partnered with Lamprell, which is a fabrication, engineering and contracting services provider
The Sharjah-based Hamriyah Free Zone Authority (HFZA) has signed a partnership agreement with London Stock Exchange (LSE)- listed Lamprell, which is a fabrication, engineering and contracting services provider to the offshore and onshore oil and gas and renewable energy industries.
As per the agreement, Lamprell will lease an additional 126,348m2 of land inside the free zone to continue to improve its efficiencies and support the delivery of its strategic objectives.
Lamprell has more than 40 years of experience in providing engineering, procurement, construction (EPC) and other contracting services to the energy industries.
It employs more than 4,000 people across multiple units, with its primary facilities located in Hamriyah, Sharjah. In 2011, the Group expanded its operations at HFZA with the opening of new facilities specialising in constructing jack-up drilling rigs and fabricating jacket foundations for turbines and cranes required for land and marine fields, wind fields and other energy production facilities.
Director of HFZA, Saud Salim Al Mazrouei and Lamprell’s company secretary and general counsel, Alex Ridout, signed the agreement during a ceremony held at the premises of HFZA in the presence of several senior officials and directors from both parties, UAE's state-run news agency Wam reported.
Speaking about the agreement, Al Mazrouei said: "This [the partnership] is further testimony to HFZA’s growing status and reputation as a leading hub for attracting foreign investments and offering global competitive advantages."
Al Mazrouei emphasised that Lamprell’s expansion at HFZA despite the current global economic conditions highlights the confidence placed in Sharjah being a global hub for businesses.
"Lamprell’s decision to expand in the free zone was a step in the right direction as we are committed to providing all forms of support to our partners to back and empower their operations and the quality of their services," Al Mazrouei said.
Commenting on the partnership, Ridout said: "Our expansion inside HFZA will allow us to improve our production efficiency significantly and support our strategic objectives."