The Sharjah Airport International Free Zone (SAIF Zone) has announced the completion of development works on ‘U2 Area’, a new dedicated district for stores and warehouses.

The U2 Area features 70 world-class and mergeable stores with each of which spreading over an area of 600 sq m. They were designed this way to enhance the absorptive capacity and the overall area to suit the investors’ and customers’ needs.

The new area will help attract new investors in key sectors and support the existing investors to expand their operations and add new warehouses for their businesses

It also represents a qualitative addition to the privileges that SAIF Zone delivers to its customers and is an added value to the activities of companies and their operational, industrial and export operations.

The new stores have been equipped with modern equipment according to best international practices in field. They were also provided with modern offices, advanced cooling systems, and innovative roofs design to help reduce heat absorption, maintain resources and environment, and provide the highest levels of security and safety for workers.

COMPETITIVE ADVANTAGES

Saud Salim Al Mazrouei, Director, SAIF Zone, said: “The U2 area is all set to be used by investors, something that reflects our commitment to developing facilities and services in line with the requirements of the next stage. The completion of the new area, despite the global economic crisis caused by Covid-19, is a positive indication of SAIF Zone’s vision and its relentless efforts to ensure business continuity and provide the best competitive advantages to customers and investors.”

With U2 area, the total number of SAIF Zone’s warehouses and stores now surpasses 2,000, making it among the top free zones in the Middle East in terms of the number of warehouses that suit all needs, Al Mazrouei said.

He stressed that the free zone will continue move forward in line with the wise vision and directives of His Highness Dr. Sheikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to supports the emirate’s economic diversification and enhance its position as part of the global economic system.

GERMAN GROUP INKS DEAL

Earlier, Germany-based Schüco International KG announced the signing of a rental contract with Sharjah Airport International Free Zone (Saif Zone).

Headquartered in Bielefeld, Schüco International KG develops and sells system solutions for windows, doors and façades. With more than 5,400 employees worldwide, the company operates in more than 80 countries and achieved a turnover of 1.67 billion euros in 2018.

As per the deal, Schüco will lease 14 warehouses covering a total area of 8,400 sq m, making it the biggest number of warehouses rented for a single company inside the free zone, said Al Mazrouei, after signing the deal with Dr Jörg Westphal, the Executive Senior VP at Schüco International KG.

“Schüco’s decision to open a new branch in Sharjah is yet another global testament to the competitive advantages that we offer to investors looking forward to availing our growing investment opportunities in the real estate sector,” stated Al Mazrouei.

“We are happy to have a reputable global company such as Schüco joining SAIF Zone. It was a step in the right direction since the construction sector is playing a growing pivotal role in Emirate and the wider region. It is indeed one of the mainstays of the economic diversification strategy developed by the emirate to prepare for the future,” he added.

Lauding the remarkable investment facilities provided by SAIF Zone, Westphal said it would help all companies operating there to carry out their business activities effectively and efficiently. 

“SAIF Zone’s services will surely enhance our access to a larger customer base in the region as we are determined to service the region’s markets with high-quality products, he added.

One of the most important free zones in the Middle East and North Africa, SAIF Zone offers huge benefits to the investors, including cutting-edge infrastructure, diverse global utilities, single-window services for performance efficiency and ease of doing business, various tax exemptions, zero restrictions on profit or capital repatriations, 100 per cent foreign ownership of businesses, quick access to global markets, and 24/7 security and emergency services.

Established in 1996, SAIF Zone is located next to Sharjah International Airport, and one of the most reputed and well-established Freezones in the UAE.

The SAIF Zone provides state-of-the-art facilities with air-conditioned and furnished executive suites with reception, pre-built warehouses in four sizes with adjacent office space and lease land for unrestricted private development, bunkers, container parking area and temporary storage space.