UAE – Mubasher: ARIA Commodities will invest a total of AED 154 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.
ARIA will further 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, according to a press release on Sunday.
The new development is projected to further boost HFZA’s leading position as a top destination for businesses eyeing to base their operation within a competitive environment that offers simple business set-up procedures.
The four new facilities take into account sustainability standards as well as the optimal use of natural resources, supporting the company’s commitment toward renewable energy and contributing to the UAE’s goal of Net Zero 2050.
Moreover, the new investments will support the UAE’s efforts aimed at enhancing its international reputation and adopting circular economy concepts, noted HFZA Director, Saud Salim Al Mazrouei.
For his part, CEO for the Energy Business and Chief Optimization Officer (COO) for ARIA Group, Mirat Bhadlawala, stressed that ARIA seeks to be a one-stop-shop in the road and civil construction, manufacturing, and trading of distillates, not just within Hamriyah but expanding its reach globally to cater to the gas oil and bunkering markets as well.