Dubai, UAE — Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region.
Under the new deal, Herald Holdings has secured 173,000 square feet (sq.ft) on lease in SAIF Zone to construct a logistics facility tailored to cater to multiple sectors, including hospitality, consumer goods, construction, oil and gas, and heavy projects.
The facility will offer comprehensive warehousing services and seamless cargo transportation by air, land, and sea.
With the latest investment, Herald Holdings’ total investment in the free zone will increase to AED30 million. The company’s operational footprint in SAIF Zone is set to expand to a 227,000 sq.ft, considering the additional 54,000 sq.ft warehouse it rented in 2022.
Saud Salim Al Mazrouei, Director of SAIF Zone, said, “We are pleased to witness Herald Holdings announcing its latest expansion. This move only further establishes our position as a potent driver for trade growth, both on a regional and global scale.”
Krishna Kaladharan, Managing Director of Herald Holdings, said, “From SAIF Zone, we are primed to offer direct and effective logistics solutions to our customers scattered across various countries.”