This investment makes the company the second largest manufacturer and processor of pulses in the world
The Hamriyah Free Zone Authority, HFZA, has recently announced that Arab & India Spices, a global leader in the pulses and spice industry, will build 12 silos at Sharjah Food Park with a total operating capacity of 52,000 metric tons of pulses at a time.
The 12 grain storage warehouses will be constructed over a total area of 300,000sqft in the food park, a regional hub for the Middle East and North Africa’s multi-billion dollar food industry, dedicated to food import, export, storage, manufacture and packaging.
This will be the Middle East and North Africa’s first of its kind facility with such a huge organized storage capacity. It would cover the UAE’s consumption needs of beans and lentils for a period of six months.
The Arab India Spices’ joining of companies investing in the Food Park is concrete evidence of the growing attractiveness and importance of the Hamriyah Free Zone, being a springboard for expansion activities in the regional markets. This will reinforce Sharjah’s position as a leading destination for foreign direct investment.
The project was announced during a ceremony held at HFZA’s premises in the presence of Sheikh Khaled Bin Abdullah Bin Sultan Al Qasimi, Chairman of HFZA; Saud Salim Al Mazrouei, Director of HFZA and Harish Kumarlal Tahiliani, Proprietor, Arab India Spices, in the presence of several senior officials.
Supporting the food industry
Al Mazrouei stressed the joining of Arab India Spices to the group of companies investing in the food park is a step in the right direction and will support Sharjah’s food industry in addition to enhancing its contribution to the Emirate’s diversification strategy.
“The project’s launch is promising, once inaugurated, it will shoot up our investments in the UAE from US$ 95mn to US$ 136mn, a growth of 43%,” Tahiliani said, adding that if more silos and warehouses are built, they will be used to store rice, wheat and grains.
He highlighted that the GCC markets account for about 60% of the company’s operations and activities and that the UAE is the first market targeted by the company followed by Kingdom of Saudi Arabia.
Arab Indian Spices is one of the largest providers of legumes, raw food and spices in the world. It is considered the second largest manufacturer of legumes in the world, and has more than 31 years of experience in its field. The company has invested more than US$ 136mn in the UAE.
