Hamriyah Free Zone Authority launches Sharjah Food Park
Hamriyah Free Zone Authority launched its flagship project “Sharjah Food Park”, dedicated to importing, exporting, holding and re-packaging foodstuff destined for not only the GCC region but all over the world.
The Food Park provides different sizes of offices, warehouses with built-in offices, utility and facilities; plots of land starting from 2,500 square metres onwards; in addition to licences and activities related to the food industry; labour accommodation for over 26,000 workers, and many more value added services provided by the HFZA’s food section which will act as medium between Investor and Food Regulatory Authorities of UAE.
“Such ambitious plans are in line with the Economic Vision of Sharjah under the prudent leadership of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah and with the follow up of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah,” said HE Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone.
The Sharjah Food Park w is expected to have a great contribution to the GDP in the future, by attracting more foreign investors to the Emirate of Sharjah and encouraging business community to expand their existing projects to enjoy more rewarding returns. Furthermore, the Food Park will benefit from the reputation of the UAE as a business and tourist hubs of the world, its diversified economy which is the second largest in the GCC region, its outstanding infrastructure and high tourist influx.
At the local level, Al Mazrouei said that Food Park will be an added value to the Emirate, which is already the 11th most attractive destination for FDI in the world. The Food Park will benefit from Sharjah’s strategic location as the only Emirate with land access to the Arabian Gulf, Gulf of Oman and the Indian Ocean. Sharjah accounts for 38 per cent of the UAE’s gross industrial output- a fact that is particularly inspiring to food industry investors.
“The period of time that seperates the investor from setting up his “dream company” is just one hour. There are three steps, completing the application form at the sales counter, paying the fees and collecting the trade licence. licences can be for commercial, industrial or service purposes,” said Ali Al Jarwan, Deputy Commercial Officer in Hamriyah Free Zone Authority. “Commercial licence can be general trading or specific trading up to five activities, while the industrial licence can cover processing, assembly, packaging and manufacturing activities, whereas the service licences are given for an array of activities and consultancy services”.
He went on to say that the park offers unrivalled advantages such as the 100 per cent foreign ownership; export/ export/ commercial tax exemption; no corporation or income tax; repatriation of capital and profits, renewable 25-year leases and onsite customs.
The Emirate of Sharjah contributes with over AED100 billion to the UAE’s GDP. A family friendly destination, Sharjah enjoys vibrant communities, rich heritage, affordable living economical energy and sophisticated infrastructure and telecommunications systems. The diverse nature, rich wildlife and striking landscape are among the major reasons for investors to choose Sharjah. Moreover, the cultural capital of the nation is home to the largest number of educational institutions in the country.