Technomak Announces Expansion Plan in Hamriyah Free Trade Zone

SHARJAH, 6th August 2024 (WAM) — Technomak, a full-service EPC company specializing in the oil & gas, FPSO and renewable energy sectors, has announced a significant expansion plan in the Hamriyah Free Trade Zone in Sharjah.

In response to growing global demand for its products, Technomak will add 46,000 square meters to build a new factory, bringing its total free zone footprint to 1.8 million square feet.

With this expansion, Technomak’s investment in HFZA increased to AED 661 million from AED 440.7 million, reflecting the competitive advantages of the free zone and its attractiveness to international investors.

The major expansion was announced during a Memorandum of Understanding (MoU) signing ceremony between Technomak and HFZA. The event was attended by Saud Salim Al Mazrouei, Director of HFZA, and Mohammed Hanifa, Co-Founder and Managing Director of Technomak, as well as other senior officials and stakeholders from both sides.

The HFZA expansion will increase the company’s plant capacity from 16,000 to 28,000 tons per year of modular steel structures. Technomak is a specialist in modular control rooms and data centers, offering process design and comprehensive modular solutions for both offshore and onshore projects, including FPSO topsides, offshore HVAC/HVDC platforms and offshore subsea structures.

Al Mazrouei stated: “Expanding our Sharjah clients’ investments and operations into international markets means the competitive advantage we provide in terms of services, strategic location and our attention to investors’ needs. This not only strengthens their business but also supports their growth and development. We are committed to this approach and spare no effort to offer all the necessary facilities to prioritize our clients’ interests.”

Haxer Ali, CEO of Technomak, said: “We chose Hamriyah Free Zone as our primary hub due to Sharjah’s strategic geographic location, available state-of-the-art infrastructure, and favorable policies and regulations that support business growth.”

He added: “Our decision to expand into HFZA was also influenced by the favourable economic environment, the emirate’s proximity to key regional and global markets, and easy access to a skilled workforce. These factors contributed to our decision to expand our global service capabilities and effectively meet our clients’ project requirements.”

The Hamriyah Free Trade Zone offers a wide range of industrial and commercial areas equipped with advanced infrastructure and modern facilities that support investors’ foreign expansion plans, particularly in terms of import and re-export to global markets.