HFZA signs investment agreement with Al Aliyo Hydrofarms

The company will be based in the Sharjah Food Park where it will rent two warehouses extending over an area of 12,0oo sq. ft and is expected to commence operations in May 2021, becoming the company’s first headquarters in the regional markets. 

It will run the UAE’s first unique project to produce and grow organic fodder for livestock in hydroponic farms based on an innovative concept using the latest technologies in the field. 

The agreement was signed on the sidelines of Gulfood 2021 by and between Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA), and Tarannum Malik, CEO of Al Aliyo Hydrofarms. 

“Our process of growing fodder utilizes modern technologies, which will produce the best quality of organic, fresh and healthy fodder for livestock. Our concept of farming is independent of weather, temperature and atmospheric conditions. Additionally, our entire process is 100% organic; there is no usage of pesticides or fertilizers. Moreover, there is no wastage,” the company said.

Competitive Advantages
Speaking on the occasion, Al Mazrouei said: “The Emirate of Sharjah has become a primary destination for companies looking forward to marketing their innovations across multiple economic sectors. This would not have been possible had not been for the competitive advantages being offered to investors by Sharjah and its free zones, something which motivates them to expand in the emirate's markets and turn it into a hub for their operations in the Middle East”.

“We always feel proud to attract innovative companies seeking modern and unconventional concepts. We are ready to provide all the facilities that would enhance the competitiveness of our investors, streamline their operations and ensure their efficiency in the labour market. Today, we are delighted to announce that Al Aliyo Hydrofarms will join the list of investors operating in the free zone, and we look forward to harnessing our vast experience to help it grow and develop in the region's markets like never before,” Al Mazrouei added. 

“Hamriyah Free Zone spares no efforts to attract foreign investors and Gulfood 2021 has been as a perfect platform to introduce international food companies to the unique investment environment and opportunities available at the free zone and the Sharjah Food Park, the region's first and largest city that houses 1,700 companies operating in food manufacturing, preservation, packaging, re-packaging, import, and export to markets around the globe. Gulfood has seen substantive discussions with a number of international companies interested in making Hamriyah Free Zone the headquarters of their operations,” he stated.

Global Reputation 
For his part, Tarannum Malik affirmed that the company’s decision to base its operations at HFZA was a step in the right direction. In addition to its global reputation, HFZA is considered one of the largest, fastest-growing and most competitive free zones in the UAE and across the Middle East. 

“Manufacturing innovative products and developing a leading industry require an incubating and stimulating work environment, which the Hamriyah Free Zone provides,” Malik said, adding that the HFZA’s support and facilities provided were decisive and influential in accelerating investment and launching the company’s unique project. Therefore, we look forward to entering the region’s markets from Sharjah Gate, taking advantage of the growth and development opportunities available,” Malik noted. 

The Hamriyah Free Zone is the UAE's second-largest industrial free zone, offering customizable industrial and commercial lands, state-of-the-art infrastructure and modern facilities that support the investors’ expansion plans, especially in import and re-export to world markets.

It also provides countless competitive advantages, most notably a single-window operation that boosts the efficiency of performance and eases procedures of doing business, along with multiple tax exemptions, repatriation of capital and profits, full foreign ownership of the business, and quick access to regional and global markets. 

In addition, the free zone houses the Sharjah Food Park, the region's first dedicated facility for food industries, covering a total area of 11 million sq ft. it provides lands, stores, offices, services and various facilities, and, and with plots of land starting from 2,500 square meters, in addition to all licenses and activities related to the food industry.