December 22, 2024

Technomak Expands Industrial Facility In HFZA To 1.8Mln Sq.Ft

Facebook
Twitter
LinkedIn
Technomak expands in Hamriyah Free Zone, increasing industrial facility area to over 1.8 mln sq.ft. Investments surge to AED 661 million; production capacity set to reach 28,000 tons annually
During the signing ceremony of a Memorandum of Understanding (MoU) between Technomak and HFZA . Image Courtesy-Technomak

Technomak, a turn-key EPC company specializing in fields of oil and gas, FPSO, and renewable energy, has announced a significant expansion plan in the Hamriyah Free Zone, Sharjah. According to Industry sources, in response to surging global demands for its products, Technomak will add an additional 500,000 square feet to build a new factory, increasing the total area of its facilities in the free zone to 1.8 million square feet.

Technomak expands in Hamriyah Free Zone, increasing industrial facility area to over 1.8 mln sq.ft. Investments surge to AED 661 million; production capacity set to reach 28,000 tons annually.
Technomak expands in Hamriyah Free Zone, increasing industrial facility area to over 1.8 mln sq.ft. Investments surge to AED 661 million; production capacity set to reach 28,000 tons annually.

Industry sources further confirmed that this expansion will bring Technomak’s investment in HFZA to AED 661 million, up from AED 440.7 million, reflecting the free zone’s competitive advantages and appeal to global investors.

Industry sources further confirmed that the core expansion was announced during the signing ceremony of a Memorandum of Understanding (MoU) between Technomak and HFZA. HE Saud Salim Al Mazrouei, Director of HFZA, and Mohammed Hanifa, Co-Founder and Managing Director of Technomak, attended the event, along with other senior officials and stakeholders from both sides.

Industry sources further added that the expansion in HFZA will boost the company’s plant production capacity from 16,000 to 28,000 tonnes per annum of modular steel structures. Technomak is a specialist in modular control rooms and data centers, offering process design and extensive modularization solutions for offshore and onshore projects including topsides for FPSO, HVAC/HVDC platforms for offshore, and Subsea structures for offshore.

From L To R: - HE Saud Salim Al Mazrouei, Director of HFZA & Haxer Ali, Chief Executive Officer of Technomak
From L To R: – HE Saud Salim Al Mazrouei, Director of HFZA & Haxer Ali, Chief Executive Officer of Technomak

HE Saud Salim Al Mazrouei emphasized that the growth in the firm’s investments within the Free Zone mirrors the high quality and efficiency of the services offered. He attributed HFZA’s status as a premier global investment destination for specialized industries to the wise vision and directives of His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.

His Excellency stated, “The expansion of our clients’ investments and their activities from Sharjah to international markets signifies the competitive advantages we provide in terms of services, strategic location, and our attentiveness to investor needs. This not only enhances their business but also supports their growth and development. We are committed to this approach and will spare no effort to offer all necessary facilities to prioritize the interests of our customers.”

Business-friendly environment

For his part, Haxer Ali, Chief Executive Officer of Technomak, stated, “We chose Hamriyah Free Zone as our primary hub due to Sharjah’s strategic geographical location, the state-of-the-art infrastructure available, and the favorable policies and legal regulations that support business growth.”

He added, “Our decision to expand in HFZA was also influenced by the business-friendly economic conditions, the emirate’s proximity to key regional and global markets, and the easy access to skilled labor. These factors contributed to our decision to enhance our global service capabilities and meet our clients’ project requirements effectively.”

The Hamriyah Free Zone offers a wide range of industrial and commercial lands, featuring advanced infrastructure and modern facilities that support investors’ external expansion plans, particularly for import and re-export activities to global markets.

Industry sources further added that It is distinguished by numerous competitive advantages, comprising a streamlined single-window operations system that boosts performance efficiency and simplifies business processes. Additionally, investors benefit from various tax exemptions, the freedom to repatriate capital and profits, full business ownership, and expedited access to both regional and global markets.

Industry sources further added that founded in 2004, Technomak employs 1,500 people globally and has completed over 600 projects across global markets. The company headquartered in Hamriyah Freezone is a leading EPC provider in the Middle East, with operations spanning Australia, the US, Africa, and Far East.

Source

Share.

RELATED POSTS

Sanofi announced the appointment of Adrien Delamare-Deboutteville as General Manager Pharma for Africa and Managing Director for Sanofi Egypt. Image courtesy: Sanofi
Sanofi Onboards Adrien Delamare-Deboutteville As New Leader For Africa And Egypt Region
The Abu Dhabi Investment Office (ADIO) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Civil Defence Authority (ADCDA) and Ambipar, a leading industrial services and environmental solutions company, to explore opportunities to enhance emergency response capabilities and industrial services in Abu Dhabi. Image courtesy: ADIO
ADIO Signs MoU with ADCDA and Ambipar to Enhance Emergency Response in Abu Dhabi
Aliph Capital appoints private capital veteran as Managing Director: Gaurav Wadhwa, Managing Director, Aliph Capital. Image Courtesy: Aliph Capital
Aliph Capital Appoints Gourav Wadhwa As a Managing Director
  • Asialink Finance

LATEST POSTS

International Business Magazine
Charabanc Transportation officially introduces “Ankai”, the prestigious Chinese bus brand under Anhui Ankai Automobile Company Limited, in the UAE. This launch marks a significant step to enhance the nation’s transportation sector. Image Courtesy: Charabanc Transportation
Modon Holding completes the acquisition of La Zagaleta. Image Courtesy: Modon
Jyothi Bathula. Image Courtesy Mashreq