ARIA Commodities, the market specialist in the field of asphalt and distillates and storage infrastructure development, will invest a total of $42 million (AED154 million) in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a Refinery, a Tire Cycling Plant, and a Storage Terminal.
Furthermore, ARIA has announced that it would lease three additional plots of land in the free zone, bringing the total number of plots acquired to five, with a combined area of 540,000 square feet (sq. ft.).
The company said that the new development is expected to further boost HFZA’s position as a top destination for businesses looking forward to basing their operations within a competitive environment that offers simple business set-up procedures.
“ARIA’s new plants will be eco-friendly. Not only will the four plants improve the optimum use of natural resources, but they will also help reduce industrial waste and extend the life cycle of materials and products by adopting environmentally friendly measures. It is projected that ARIA’s expansion goals would support the national industrial strategy. In addition to enhancing the value of products made in the UAE, they will help meet the growing demands of key sectors on which the national economy of the country is based, such as construction, chemical industries, roads, maritime transport, petroleum products, and logistics services for the aviation sector. We will make every effort to satisfy such demands, diversify, and improve UAE exports to several nations in Europe, Asia, South America, and Africa.”
ARIA Group’s industrial base, located in the HFZA was established in February 2021. The four new facilities are designed in such a way that considers adhering to sustainability standards and the optimal use of natural resources, which supports the company’s commitment to renewable energy and will certainly contribute to the UAE’s goal of Net Zero 2050.
Mr. Mirat Bhadlawala, Chief Executive Officer for the Energy Business and Chief Optimization Officer for ARIA Group, noted that “ARIA aims to be a one-stop-shop in the road and civil construction, manufacturing, and trading of distillates, not just within Hamriyah but expanding their reach globally to cater to the gas, oil, and bunkering markets too. Their decision to base their operations in the HFZA was a step in the right direction.”
“The free zone is strategically located as an oil zone with multi-dimensional infrastructure catering to the UAE holistically, with the north and south within an equidistant reach and the port infrastructure helping us not just to serve the UAE but also spread our wings to the world,” Mr. Bhadlawala added.
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