UAE’s Hamriyah Free Zone named the Free Zone of The Year

By Financial Times’ FDI Magazine
UAE’s Hamriyah Free Zone named the Free Zone of The Year
The Hamriyah Free Zone (Image credit: HFZ)

UAE’s Hamriyah Free Zone Authority (HFZA) has won three accolades in this year’s fDi Global Free Zone of the Year Awards. According to HFZA, this reinforces the Authority’s position as one of the region’s leading industrial and free zone hubs.

The three accolades include the Free Zone of the Year (4th position globally), the Highly Commended Free Zone of the Year (Middle East), and the Excellence Award for Key Performance Indicator (Global Winner).  

The awards attest to HFZA’s positive performance as well as the efforts it made to support and enable the success of its business community.

The award evaluated the key performance of the free zones over the past 12 months, especially with regard to the growth in the number of investors and small and medium-sized companies as well as the increase in rented spaces within these zones, in addition to strategy criteria, performance indicators, infrastructure development, and promotion of projects that take into account the environment, sustainability, and governance.

Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority, said “Despite the many global challenges, we have managed to stand out, draw in additional investors, enhance our services, and build an integrated infrastructure.” 

In addition to offering industrial and commercial plots of land, HFZA, the second-largest industrial-free zone in the UAE, provides advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially in importing and re-exporting, to the world’s markets.

The stories on our website are intended for informational purposes only. Those with finance, investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to our full disclaimer policy here.