Company looks forward to achieving rewarding returns from its investments in Sharjah
The Hamriyah Free Zone Authority (HFZA) in Sharjah has recently entered into a strategic agreement with Halliburton, one of the world’s leading providers of products and services to the energy industry, in yet another significant move bolstering its appeal as an investment destination in the oil and energy sector.
Under the agreement, Halliburton will expand its footprint within the UAE by establishing a cutting-edge facility for calibrating drilling tools used in the oil industry. The state-of-the-art facility is set to occupy a substantial area of more than one million square feet within the Hamriyah Free Zone, promising to be a game-changer in the sector.
The official announcement of the new facility was made following the signing of the agreement by Sheikh Khaled Bin Abdullah Al Qasimi, Chairman for Sharjah Ports, Customs and Free Zones Authority, and Lance Loeffler, Halliburton’s MENA Region Senior Vice President, in the presence of Saud Salim Al Mazrouei, Director, Hamriyah Free Zone Authority, senior officials and executives from both entities.
Rewarding returns
Through its strategic presence in HFZA, Halliburton looks forward to achieving rewarding returns from its investments in Sharjah, which is renowned for its global competitiveness and has solidified its stature as a preferred regional investment and economic hub.
Sheikh Khalid emphasized that Halliburton’s choice of the Hamriyah Free Zone adds yet another quality investment to the free zone, which has been famous for its efficiency and excellence in providing state-of-the-art infrastructure tailored to heavy industries—a sector of paramount importance in the HFZA.
Technological solutions
“The state-of-the-art facilities, advanced communications and transportation network, and logistics services allow this innovative facility to deliver leading technological solutions to our clients in the MENA region,” stressed Loeffler.
Halliburton, a leading American multinational corporation established in 1919, has its headquarters in Houston, Texas, United States. It is renowned for conducting the largest fracking operations globally and boasts a diverse workforce comprising employees from 130 different nationalities, the press communique concluded.
