Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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The conference, which was hosted at the Mumbai Exhibition Centre, brought together industry leaders and experts, apart from commercial and manufacturing companies. The free zone showcased its facilities and services, and engaged with major companies and brands operating in the global steel sector.
The team also highlighted Sharjah’s strategic location and the ease of setting up a business at HFZA by providing insights into the current trends and dynamics of the global steel industry for prospective investors. HFZA’s industrial manufacturing park houses the largest number of steel manufacturers in the MENA region, with more than 180 companies operating in the welding and mining sectors.
HE Saud Salim Al Mazrouei, the director of HFZA, said, “The biennial India Steel Show 2023 serves as an exceptional platform to engage with industry leaders, acquire insights on future growth potential, and discover collaboration opportunities in the rapidly evolving Indian market. This comes in line with the Comprehensive Economic Partnership Agreement between the UAE and India, which the two nations recently signed. India is among the UAE’s most significant investment partners, with substantial mutual investments, and iron and steel rank among the top commodities exported from the UAE to India.”
Al Mazrouei added that the free zone serves as a global hub for the iron and steel industry, apart from acting as a strategic location for specialised heavy industries.
“Additionally, the HFZA team introduced our platform’s visitors to a wide range of solutions that were designed to help industry stakeholders reach new markets and expand their businesses, let alone the logistical capabilities, state-of-the-art infrastructure, and support services that not only attract investments but also catapult investors’ businesses to the next level. This has resulted in HFZA becoming a preferred choice for numerous major international iron and steel companies,” the director stated.
