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Fri, Dec 13, 2024 | Jumada al-Aakhirah 11, 1446 | DXB
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Aria Commodities announces Dh154 million investment projects in Hamriyah Free Zone
Aria has also announced that it would 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
- By
- Staff Report
Saud Salim Al Mazrouei, HFZA director, and Mirat Bhadlawala, chief executive officer for the Energy Business and Chief Optimisation Officer for Aria Group, at the signing ceremony. — Supplied photo
Aria Commodities, the market specialist in the field of asphalt and distillates and storage infrastructure development, has announced it will invest a total of Dh154 million in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a refinery, a tire cycling plant, and a storage terminal.
Aria has also announced that it would 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 (sqft).
Aria’s new expansion plan was revealed during a ceremony held recently to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA) by Saud Salim Al Mazrouei, HFZA director, and Mirat Bhadlawala, Chief Executive Officer for the Energy Business and Chief Optimisation Officer for ARIA Group. The ceremony was attended by several senior officials from both sides.
The new development is expected to further boost HFZA’s position as a top destination for businesses looking forward to basing their operations within a competitive environment that offers simple business set-up procedures.
Aria Group’s industrial base, located in the HFZA was established in February 2021. The four new facilities are designed in such a way that considers adhering to sustainability standards and the optimal use of natural resources, which supports the company’s commitment to renewable energy and will certainly contribute to the UAE’s goal of Net Zero 2050.
Lauding ARIA’s expansion plans, Al Mazrouei stressed that the new investments will not only enhance the sustainability standards in Sharjah but will also support the UAE’s efforts being made to enhance its international reputation and adopt circular economy concepts. Moreover, its investments will bolster Sharjah’s strategy, which seeks to develop solutions, services, and products that cement sustainable growth and advance the local economy towards greater prosperity.
“Aria’s new plants will be eco-friendly. Not only will the four plants improve the optimum 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,” Al Mazrouei said.
“It is projected that Aria’s expansion goals would 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 national economy of the country is based, such as construction, chemical industries, roads, maritime transport, petroleum products, and logistics services for the aviation sector. We will make every effort to satisfy such demands, diversify, and improve UAE exports to several nations in Europe, Asia, South America, and Africa,” he added.
Mirat Bhadlawala stressed that Aria aims to be a one-stop-shop in the road and civil construction, manufacturing, and trading of distillates, not just within Hamriyah but expanding their reach globally to cater to the gas, oil, and bunkering markets too. 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 multi-dimensional infrastructure catering to the UAE holistically, with the north and south within an equidistant reach and the port infrastructure helping us not just to serve the UAE but also spread our wings to the world.”
“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 green fuel for vehicles and bunkers complying with IMO 2020. Our plants will cater to projects spanning from diversified terrain roads to high-intensity surfaces such as airport runways,” Bhadlawala added.
He stated that the company’s target audience includes road contractors, bunkering industries, cement factories (crushers), paving industries, industrial fuel, chemical and paint industries, and the automobile and transportation sector.
— business@khaleejtimes.com
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