SHARJAH  -02-02-2016 

The UAE-based Dayal Building Material Trader Limited -DBMT, will start its operations from  Hamriyah Free Zone from March 2016.

Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF Zone) and Dinesh Moorjani,  Managing Director of DBMT  signed a lease agreement on Teusday in this regard.

 "We have leased 55,000 square meters of land in the Phase 2 area. We will start logistics and storage facilities operations by March this year and will open its   steel fabrication facility by 2017. We have plans to invest AED 20 to 25 million for this project," Dinesh Moorjani said after the signing ceremony.

 With a strong presence in the GCC, DBMT, the UAE's leading structural steel distributor, covers all of the key steel markets like Oman, Kuwait, Bahrain, Qatar, United States and Europe.

 "We welcome DBMT to our fraternity. Our goal is to create a robust business environment by meeting the needs and demands of our investors", said  Al Mazrouei.

"In steel industry, HFZA  is one of the market leaders in the Middle East.  The regional industry consists of fabrication yards and engineering workshops and thus, the steel industry is very important to Hamriyah Free Zone. We have been developing this sector for over a decade and today a number of well-established steel firms are operating within our zone," Al Mazrouei explained after singing the contract.

 DBMT has been successfully catering to the needs of structural steel in the Middle East since 1981 with over 150,000 metric tons group annual turnover across the GCC. DBMT also has manufacturing facilities in Jebel Ali Free zone.

While elaborating on his business, Dinesh Moorjani said:

We supply steel mainly to the oil & gas sector as well as EPC contractors, steel fabricators and contracting companies.

 This new facility will provide easy access to all the emirates as well as the international markets due to the strategic position of Hamriyah Free Zone in the UAE.

-Ends-

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