Grankraft’s J George and HFZA’s Al Mazrouei signing the deal

Grankraft’s J George and HFZA’s Al Mazrouei signing the deal

HFZA inks leasing deal with UAE’s Grankraft

01 January 2022

Sharjah’s Hamriyah Free Zone Authority (HFZA) has added another industry leader to its investor base after the UAE’s Grankraft company leased 323,000 sq ft plots of land within the free zone, with an investment value of AED22 million in the first phase and AED 45 million in the second phase, thus bringing the company’s total investment to AED 67 million.

A specialist in metal production for building iconic landmarks, Grankraft is renowned for the implementation of iconic landmarks in the UAE with a strong market presence across the GCC and the world.

Through a spectrum of services ranging from design, manufacturing and installation, Grankraft is the brain behind the construction of some globally renowned projects such as a resort at Sheybarah South for The Red Sea destination, the hand sculpture at the Museum of the Future in Dubai, the Meydan Hotel in Dubai, the Royal Opera House Muscat, Museum Across Ages and the Wave Plaza in Muscat.

The company, which has internationalised its operations during the last few years extending its reach beyond GCC region, has also integrated a new fit-out division.

“Hamriyah Free Zone always strives to attract companies offering the best services and creative solutions in diverse sectors such as manufacturing and construction technology,” said Saud Salim Al Mazrouei, Director of the HFZA, after signing the deal with J. George, Director of Grankraft, in the presence of officials from both sides.

“Grankraft’s investment in HFZA confirms the leading position of Sharjah as a favoured destination for companies operating the industrial and construction sector, which is a key economic sector in Sharjah and UAE, and one of the pillars of the emirate’s economic diversification strategy,” he added.

Grankraft said it was on the cusp of a new phase with its investment in Hamriyah Free Zone and taking advantage of its strategic location and outstanding services.

“We are always looking for new ways to develop our services so that it can implement iconic landmarks and projects,” stated George.

“The presence of a 14m deep water port, as well as the logistic facilities network, was a key factor for choosing HFZA as it will enable Grankraft to manufacture for one of its iconic projects for The Red Sea destination in KSA,” he added. 

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