Sharjah's HFZ woos Indian investors

The Sharjah government owned Hamriyah Free Zone (HFZ), a major international business hub, is wooing Indian investors with world class facilities that would provide them access to a demanding and affluent market in the region.

There are about 1700 investors from 90 countries in the zone, including 340 Indian enterprises,  Rashid Al Leem, director general of HFZ, said at a seminar here.

The HFZ is an ideal warehousing, distribution and industrial hub. Opportunties are aplenty in the zone. Food processing is one of the preferred business options for investors from
Kerala, Al Leem said.

There are many investors from Delhi, Bangalore and some from Kerala, Leem, who is leading a business delegation to India for the fourth time, said.

The services being provided at the zone included leasing facilties of executive offices, warehouses and plots of land, besides providing administrative, engineering and utility services. It has a 14m draft port, which can accomodate panamax size vessels and a 250 metre long cargo berth with room for developing other cargo berths.

Among the incentives being provided are tax-free environment, company ownership, exemption from all commercial levies, repatriation of capital and profits, Al Leem said.