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The Hamriyah Free Zone (HFZ) offers competitive incentives and opportunities to businesses that need multiple access to global countries, be it through land, sea and air.
Being located in Sharjah, the free zone offers companies within its jurisdiction a huge logistical advantage as Sharjah is the only emirate in the county that has ports on the Arabian Gulf’s west and east coasts. These ports have direct access to the Indian Ocean. The emirate also has an airport that has links to several cities. All these prove advantageous to both local and foreign investors, on top of the normal 100% ownership, and tax, and export and import duties exemption, among others.
HFZ consists of seven specialised districts: Petrochemical Zone, Oil & Gas Zone, Construction World, Steel City, Perfume Land, Maritime City and Timber Land. These districts offer small and medium enterprises e-office packages.
HFZ has other zones as well. The Hamriyah Industrial Zone offers plots of land, while the Logistics Village provides warehouses in different sizes. The Hamriyah MB Zone was created to answer the needs of micro businessmen.
In HFZ, local and foreign investors are offered a minimum lease term of five years on industrial and commercial plots they can use for their business.
Other facilities offered by the free zone include offices with conferencing facilities, executive office suites available at the International Business Centre, pre-built warehouses in various sizes for storage, or assembly and light manufacturing, a harbour that can handle all types of cargoes and accommodate large and deep-drafted vessels, and the Accommodation City that provides on-site housing facilities for employees.
* The Hamriyah Free Zone is home to seven specialised districts
* It gives businesses the advantage of being near ports and airport
* It offers offices, warehouses, plots of land and employee housing
Source: Cleofi-Krista Capili, Special to Properties
The writer is a freelancer