Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new manufacturing facility in the Hamriyah Free Zone in the UAE.
The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.
The plant will be set up in the zone with an estimated investment of AED 120 million. The state-of-the-art facility is projected to have a substantial monthly output capacity of 6,000 metric tonnes, equating to an annual production of approximately 72,000 metric tonnes. This expansion is expected to secure the company a 15% share of the total market production.
Petrozo operates a global network with offices across Indonesia, India, Thailand, the UAE, Hong Kong, Myanmar, Bangladesh, the Philippines, the USA, and Vietnam. The company is renowned for its extensive portfolio, producing a variety of products including fuel oils, petrochemicals, bitumin (asphalt), naphtha, and waterproofing materials, catering to a diverse range of industries worldwide.
The Director of Hamriyah Free Zone Authority (HFZA), Saud Salim Al Mazrouei highlighted that the Hamriyah Free Zone Authority (HFZA) delivers advanced facilities and infrastructure, designed to provide businesses with seamless access to major global markets and support a robust industrial and manufacturing sector.
“We are committed to tailoring our services to meet the evolving needs of manufacturers and bolstering their expansion within the non-oil sectors,” Al Mazrouei said. “This is not only to sustain the growth of the UAE’s national economy but also to increase the industrial sector’s contribution to the GDP and reinforce Sharjah’s stature as a principal hub for production and export activities.”
CEO of Petrozo Energy Tarique Kamal emphasized that choosing HFZA as a base for Petrozo Energy’s new facility aligns perfectly with the company’s strategic vision to cater to its clientele in the UAE, the Middle East, East Africa, and Southeast Asia.
“Our decision was propelled by the growing demand for the company’s high-quality and efficient products,” he said adding that the Hamriyah Free Zone offers numerous competitive advantages that would position us closer to our global customer base.
“Its strategic location, ease of business operations, and modern infrastructure are perfectly suited to our needs, enabling seamless access to regional and global markets and facilitating connections with customers worldwide,” Kamal added.
The company’s products, catering to the needs of road, airport, construction, and railway contractors, are already being exported to various international markets, including Bangladesh, Ethiopia, Djibouti, Tanzania, New Zealand, Fiji, Mauritius, and Chile, among others.
Petrozo COO Pramod Kumar stated that strategic location of Sharjah, combined with the advantageous positioning of HFZA near Hamriyah Port, offers unparalleled export and import facilities for the oil, gas, and petrochemical sectors.