Investment opportunities in UAE discussed

Karachi: Dawood Al-Takrimi, Chief Operating Officer, Hamriay Free Zone Sharjah welcomed Sr. Vice Chairman Asad Nisar Barkhurdaria and Vice Chairman Junaid Muhammad Siddiq of S.I.T.E. Association of Industry on their visit to Hamriya Free Zone Sharjah Stall at a recent exhibition. Asad Nisar thanked Dawood Al-Takrimi for the warm welcome.

Dawood gave a brief introduction of Hamriya Free Zone. Hamriyah Free Zone authority, Sharjah established in 1995 by an Emiri decree, is one the fastest growing and dynamic free zones in the world, housing over 5,500 companies from 137 countries.

Hamriya Free Zone is spread over on three thousand acres of land and is divided into six clusters, for different type of industries, warehouses and offices. Spaces are available on cheaper rates as compare to other Free Zones in United Arab Emirates. He said main purpose of holding of Magnificent 7 UAE Expo 2011 in the industrial and trading hub Karachi was to further promote investment and trade relations between the two countries.

Dawood also informed that Hamriya Free Zone is exclusively providing one window operation for the investors which includes registration and issuance of visa for investors and employment visas to their employees.

He took a round of the exhibition and appreciated for extensive display of fine quality UAE goods and services which will play a positive role in strengthening the ties between the UAE and Pakistan and promoting the bilateral trade as well as the commercial cooperation between two countries.

Asad Nisar also referred to the vast opportunities for foreign direct investments and joint ventures in infrastructure development; power generation, agriculture-based industries, insurance and real estate in Pakistan and hoped the UAE government will come forward and invest in these sectors.

Asad Nisar thanked and accepted the invitation of Dawood to visit Hamriya Free Zone in near future along with a potential delegation from SITE Industrial Area Karachi.

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