PHOTO
Sheikh Khaled Bin Abdullah Bin Sultan Al Qasimi and Lamprell Chief Executive Officer James Moffat sign agreement
Sharjah - Aiming for further expansion in the region, Lamprell Energy Ltd has leased more land in Hamriyah Free Zone.
Hamriyah Free Zone Authority (HFZA) Chairman HE: Sheikh Khaled Bin Abdullah Bin Sultan Al Qasimi and Lamprell Chief Executive Officer James Moffat, signed an agreement in this regard on Monday (25/01/2016)
"Lamprell has acquired an additional land area of 114280 m² in phase 2 of the Hamriyah Free Zone as part of its development plans", HE: Shaikh Khaled, who is also the chairman for the Department of Seaports and Customs and Sharjah Airport International Free Zone (SAIF Zone), said, after inking the pact.
"We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations", added HE:Sheikh Khalid.
The ceremony which was held at HFZ Authority's headquarters was also attended by HFZA and SAIF Zone director Saud Salim Al Mazrouei, Ahmed bin Hadda Al Suwaidi, Director of HFZA Administrative Affairs, T.V. Ramesh, CFO, HFZA, Lamprell COO Niall O 'Connell and Lamprell Group Operations Manager Justin Taylor alongside HFZ Authority and Lamprell representatives.
Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, has been active in Hamriyah Free Zone since 2007.
"The additional land has been leased primarily in order to construct new fully automated fabrication areas including pipe fabrication shops and blasting and painting sheds. This initiative, which forms part of Lamprell's "Project Evolution" initiative, aims to increase efficiency and productivity. This increased focus on automation and yard optimisation is aimed at reducing pipe fabrication man-hours, improving safety, eliminating unnecessary material wastage and improving the quality of the Group's products and services", a Lamprell spokesperson said in a statement.
"With this additional land, Lamprell now leases over 500,000 m² of land including 1,430 metres of quayside in Hamriyah Free Zone ",Lamprell added in its statement.
Saud Salim Al Mazrouei, Director of HFZA and SAIF Zone said:
"We are delighted to celebrate the growth of Lamprell as this move will enable them to grow further locally and internationally. We see this development as another example of our strategic goal of empowering businesses paying off".
"Our aim is to create a strong business environment by meeting the needs and demands of its investors", Al Mazrouei added.
Hamriyah Free Zone Authority is the leading hub for petrochemicals, oil & gas bunkering and storage in the UAE and a key force that attracts a large fraction of the foreign direct investment to Sharjah.
Lamprell, based in the United Arab Emirates and with over 40 years of experience, has an international reputation for building complex offshore and onshore process modules as well as fixed platforms and topsides, and holds leading market positions in the fabrication of shallow-water drilling jackup rigs, multi-purpose liftboats, land rigs, and rig refurbishment projects.
About Hamriyah Free Zone Authority (HFZA)
Located in Sharjah, United Arab Emirates, Hamriyah Free Zone has over 6500 companies from 157 countries. HFZA has secured foreign investment from more than 500 industries in the key sectors of oil & gas, petrochemicals, maritime, steel, construction, and food. Sharjah plays an important role as the pre-eminent industrial base of the United Arab Emirates (UAE), with its unique strategic location between three continents, serving a growing market of 1.5 billion people.
Hamriyah Free Zone is challenged to provide competitive incentives and unique opportunities to establish a business in a tax- free environment with full company ownership, exemptions from all commercial levies and repatriation of capital and profits. The free zone manages an area of approximately twenty two million square meters of prime industrial and commercial land and a 14 meter deep water port which includes room for expansion. HFZA is rapidly emerging as the preferred business hub in the region as investors can easily access its business-friendly services and branch into emerging markets. For more details: www.hfza.ae
For further information, please contact:
K.T.Abdurabb
Media Relations Manager
HAMRIYAH FREE ZONE AUTHORITY, SHARJAH
T : (+971) 6513-3482 (Direct)
T : (+971) 6526-3337
M : (+971) 502362000
F : (+971) 6526-3444
E : abdurabb.thodika@hfza.ae
W: www.hfza.ae
© Press Release 2016