ARIA Commodities announces $42 million investment projects in Hamriyah Free Zone
SHARJAH: ARIA Commodities, the market specialist in asphalt and distillates and storage infrastructure development, has announced that it will invest a total of AED154 million in the construction of four factories in the area Hamriyah Freehold, including a bitumen plant, refinery, tire recycling plant and storage terminal.
ARIA also announced that it will lease three additional plots of land in the free zone, bringing the total number of plots acquired to five, with a combined area of 540,000 square feet (sq. ft.).
ARIA’s new expansion plan was unveiled at a ceremony held recently to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA) by Saud Salim Al Mazrouei, Director of HFZA, and Mirat Bhadlawala, general manager of the energy activity and director of optimization for Groupe ARIA. The ceremony was attended by several senior officials from both parties.
The new development is expected to further strengthen HFZA’s position as the destination of choice for companies wishing to base their operations in a competitive environment offering straightforward business formation procedures.
The industrial base of the ARIA Group, located in the HFZA, was established in February 2021. The four new facilities are designed to meet sustainability standards and the optimal use of natural resources, which supports the company’s commitment. company in favor of renewable energy and will certainly contribute to the UAE’s goal of Net Zero 2050.
Welcoming ARIA’s expansion plans, Al Mazrouei stressed that the new investments will not only improve sustainability standards in Sharjah, but will also support the UAE’s efforts to boost its international reputation and embrace sustainability concepts. circular economy. Moreover, its investments will reinforce Sharjah’s strategy, which aims to develop solutions, services and products that cement sustainable growth and move the local economy towards greater prosperity.
“ARIA’s new factories will be environmentally friendly. Not only will the four factories improve the optimal use of natural resources, but they will also help reduce industrial waste and extend the life cycle of materials and products by adopting environmentally friendly measures,” said Al Mazrouei. said.
“ARIA’s expansion goals are expected to support the national industrial strategy. In addition to enhancing the value of products made in the UAE, they will help meet the growing demands of key sectors on which the economy is based. of the country, such as construction, chemical industries, roads, maritime transport, petroleum products and logistics services for the aviation sector.We will make every effort to meet these demands, diversify and improve the exports from the UAE to several countries in Europe, Asia, South America and Africa,” he added.
Mirat Bhadlawala pointed out that ARIA aims to be a one-stop-shop in road and civil construction, manufacturing and distillate trading, not only in Hamriyah, but also expanding their reach globally to cater to gas markets , oil and bunkering. Their decision to base their operations in the HFZA was a step in the right direction. “The Free Zone is strategically located as an oil zone with a multi-dimensional infrastructure serving the UAE holistically, with north and south at an equidistant distance and the port infrastructure helping us to not only serve the UAE , but also to spread our wings to the world.”
Bhadlawala added, “We aim to create a safer environment globally by introducing environmentally friendly renewable products supporting the circular economy, which will be used in the road paving industry. The refinery will support the green fuel for IMO 2020 compliant vehicles and bunkers. Our plants will cater to projects ranging from diverse terrain roads to high-intensity surfaces such as airport runways.”
He said the company’s target audience includes road contractors, bunker industries, cement plants (crushers), paving industries, industrial fuel, chemical and paint industries, as well as the automotive and transportation.