Sharjah, UAE = The Hamriyah Free Zone Authority (HFZA) in Sharjah has entered into a strategic agreement with Halliburton, one of the world’s leading providers of products and services to the energy industry, in yet another significant move bolstering its appeal as an investment destination in the oil and energy sector.Â
Under the agreement, Halliburton will expand its footprint within the UAE by establishing a cutting-edge facility for calibrating drilling tools used in the oil industry. The state-of-the-art facility is set to occupy an area of more than one million square feet within the Hamriyah Free Zone.
The official announcement of the new facility was made following the signing of the agreement by Sheikh Khaled bin Abdullah Al Qasimi, Chairman for Sharjah Ports, Customs and Free Zones Authority, and Lance Loeffler, Halliburton’s MENA Region Senior Vice President, in the presence of HE Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority, senior officials and executives from both entities.
Halliburton has been operating in the UAE for nearly five decades. With a presence in 70 countries worldwide, the company is committed to expanding its operations within the UAE and the broader region.
Through its strategic presence in HFZA, Halliburton looks forward to achieving rewarding returns from its investments in Sharjah. Its decision also supports HFZA’s vision and relentless efforts, aimed at strengthening Sharjah’s position as a premier destination for attracting investments in the industrial sector, particularly heavy industries.