Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Sharjah-based food producer, distributor Iftin is expanding its storage and distribution facilities at Hamriyah Free Zone to support its fast growing dairy export business. The company expects construction of the new facilities, which include five new warehouses and office space, to begin in the near future. Iftin has leased 215,278 square feet (c. 20,000 sqm.) of additional free zone space for the expansion.
Established in 2005 in Hamriyah Free Zone, Iftin Middle East Factory FZE exports dairy and milk powder products to Africa and Middle East. The company acts as distributor for Arla, Dano, Fontera brands and also produces Zamzam, Linda, Kendi and Mina co-branded milk powder products for export markets. Key markets for Iftin include to South Sudan, Ethiopia and Somalia in East Africa, in addition to Iraq, Libya and elsewhere in the Middle East.
Located adjacent to Hamriyah deep water port near the centre of Sharjah city, Hamriyah Free Zone houses over 6,500 enterprises from 157 countries, attracting foreign investment from more than 500 industry verticals in the key sectors such as oil and gas, petrochemicals, maritime, steel, construction and food products. The Hamriyah Free Zone Authority is now able to process licensing formalities for new tenants in less than two-hours.
Sharjah is a preferred location for many UAE food distributors and exporters, due to its strategic location, tax-free free zone facilities allowing 100% foreign ownership and excellent road, sea and air connections for import/export.
Source: HFZA, Iftin
