Technomak to invest additional $75 million in Hamriyah Free Zone

Hamriyah Free Zone-based Technomak Energy International, FZC, has added 1.1 million square feet to its existing facility of 1.3 million square feet to meet the increasing global demand for their products. Mohammed Haneefa, Managing Director of Technomak, and Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport Free Zone, SAIF Zone, have signed a contract in this regard.

The $75 million state-of-the-art facility will be constructed on a plot at the Hamriyah Free Zone Phase 2. The construction will commence immediately. “The continuous investment by Technomak in Hamriyah Freezone shows their confidence and edge in market in production, safety and quality. We are happy to see the growth of existing companies and this development is reassuring,” said Mr. Al Mazrouei after signing the contract.

Asking about expansion plans, Mohammed Haneefa said, “This new investment will help to strengthen Technomak’s position and expand its offering to the oil and gas, power and water, offshore and marine and metallurgy industry worldwide. Currently we have a market reach from the Americas to the Far East and we want to double our capacity by 2017.”

The new larger purpose built facility will feature dedicated fabrication area for exotic materials like super duplex, stainless steel, copper nickel, and carbon steel, apart from the state-of-the-art pipe mill and pressure vessel manufacturing unit & fully automated structural steel processing units. The venture is expected to create at least 800 job openings. Hamriyah Free Zone houses over 6,100 companies from across 157 countries, welcoming foreign investment from more than 500 industries in the key sectors of oil and gas, petrochemicals, maritime, steel, construction, and food.

For more information
Web: http://www.hfza.ae