The 750,000-square-metre SIIP is set to become a fully bonded logistics facility with goods being imported under bond and remaining exempt from duty and VAT until released to the local market.
Speaking at the reception, Peter Richards, Group CEO of Gulftainer, said: “The Saja’a Access Road links SIIP with premier air and sea hubs in Sharjah as well as other ports, airports and free zones, and significantly improves connectivity within the UAE and beyond.”
He added: “SIIP will play a crucial role not only in Gulftainer’s growth but also in Sharjah’s economic development. Its strategic location and unparalleled capabilities are poised to enhance the global competitiveness of the emirate. This project aligns with our commitment to contributing to Sharjah’s thriving economy through boosting the local shipping and logistics industry.”
In the lead-up to Expo 2020, SIIP aims to address the growing demand for logistics facilities in the UAE. The industrial park is expected to attract over AED100 million of third-party investments to Sharjah, generating revenue for Gulftainer as well as for the emirate.
SIIP will offer flexibility to accommodate warehouse spaces of varying sizes, modern light industrial units, offices, employee housing and other amenities.
Gulftainer is the world’s largest privately-owned independent port operator. Established in Sharjah in 1976, the rapidly expanding ports and logistics company has built a strong global presence.
In the UAE, the company operates three main ports on behalf of the Sharjah Port Authority – Sharjah Container Terminal (SCT), Khorfakkan Container Terminal (KCT) and Hamriyah Port. Its flagship terminal, the award-winning KCT, is recognised as one of the most productive container terminals in the world.
In March 2019, Gulftainer introduced the Sharjah Port of Trade (S.P.O.T.) service, a new strategic sea cargo clearance proposition in the UAE. Located in the UAE’s commercial centre, S.P.O.T. significantly raises the bar for service levels in the industry with substantial cost and time savings, enhanced online customs clearance and 24-hour access to major roads. It also offers a state-of-the-art facility for on-site cargo inspection, quality sampling and testing services at the importers’ premises.
Globally, the Gulftainer Group operates and manages ports and logistics businesses in several countries, including Iraq (Iraq Container Terminal, Iraq Project Terminal and Umm Qasr Logistics Centre), Pakistan (GTL-MTI) and Lebanon (Tripoli Container Terminal). In Saudi Arabia, Gulftainer is the majority shareholder in Gulf Stevedoring Contracting Company (GSCCO), which manages and operates the Northern Container Terminal in Jeddah, Jubail Industrial Port, Jubail Commercial Port and King Fahad Industrial Port in Yanbu. The company’s first USA facility, Canaveral Cargo Terminal in Florida, opened in June 2015 following the signing of a 35-year agreement that made Gulftainer the first and only port management company from the Middle East to operate in the country. Gulftainer’s presence in North America expanded in 2018 with the signing of a 50-year concession agreement with the state of Delaware to manage and operate the Port of Wilmington, a deepwater port and marine terminal serving the Eastern Seaboard.
The company aims to expand its global portfolio in the next 10 years to receive more than 10,000 vessel calls and triple its container-handling capacity to 15 million TEUs.
Gulftainer has received multiple accolades in recognition of its quality practices, including the RoSPA Gold Award, acknowledging exceptional levels of occupational health and safety, in 2018, CSR Initiative of the Year and Technology Implementation of the Year at the Logistics Middle East Awards in 2018 and 2017 respectively, and the Port & Terminal Operator Award at the Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa in 2017 and 2016.
For further details, please visit www.gulftainer.com.
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© Press Release 2019