Hamriyah Free Zone Named ‘Free Zone of The Year’ by Financial Times’ fDi Magazine

Jerusalem, 4 October, 2022 (TPS) -- SHARJAH, 4th October 2022 (WAM)
The Hamriyah Free Zone Authority (HFZA) has won three accolades in this year’s fDi Global Free Zone of the Year Awards, reinforcing its position as one of the region’s leading industrial and free zone hubs.

The three accolades include the Free Zone of the Year (4th position globally), Highly Commended Free Zone of the Year (Middle East) and Excellence Award for Key Performance Indicator (Global Winner). The virtual award ceremony was attended by several representatives of free zones worldwide.

The awards, which are the most prestigious credit a free zone can receive, attest to HFZA’s exceptional performance as well as the efforts it made to support and enable the success of its business community.
The 9th edition of the Global Free Zone of the Year 2022 was judged by both the Financial Times Specialist editorial team and a panel of independent judges for each region.

More than 67 free zones from around the world took part in this year’s edition, most of which were from the Middle East. The new milestone proves the effectiveness of HFZA’s ongoing efforts to develop a business environment capable of perfectly meeting the growing demands of its customers.

The award evaluated the key performance of the free zones over the past 12 months, especially concerning the growth in the number of investors and small and medium-sized companies, the increase in rented spaces within these zones, in addition to strategy criteria, performance indicators, infrastructure development, and promotion of projects that take into account the environment, sustainability, and governance.

The panel of judges, consisting of subject-matter experts and specialists, was briefed on the major initiatives launched and implemented by the free zones participating in the award.

Saud Salim Al Mazrouei, Director of HFZA, stressed that the new milestone achievements were made thanks to the directives of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.

“Despite the many global challenges, we have managed to stand out, draw in additional investors, enhance our services, and build an integrated infrastructure. We will stop at nothing to make Sharjah and its free zones the world’s best destination and the most distinguished business center in the world. This accolade will only motivate us to work harder to deliver the greatest services possible,” he added.