INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Hamriyah Free Zone and Rafid to set up technical center

The new facility is expected to create over 100 job opportunities for technicians and workers.
  • The center will provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance.
  • The agreement will also fuel the effort by both parties to upgrade their services to investors in free zones, HFZA said.

The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical center within the free zone and provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance.

In addition to promoting Sharjah’s competitive edge, the partnership agreement will also fuel the effort by both parties to upgrade their services to investors in free zones, HFZA said.

The deal was inked at the headquarters of the HFZA by Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, and Salem Saeed Al Midfa, CEO of Rafid Vehicle Solutions.

Al Mazrouei said, “The HFZA’s cooperation with Rafid will undoubtedly improve the caliber of services made available to the business community in Sharjah, in line with Sharjah government’s directives, which has always favored public-private partnerships to serve the wider community.”

He said that HFZA, the second-largest industrial free zone in the UAE, will make the most of all accessible resources to deliver the best services with the highest standards of quality, efficiency, and effectiveness, in addition to developing innovative solutions that would elevate the journey of companies operating within its borders to go above and beyond their expectations.

Al Midfa emphasized that Rafid offers its innovative solutions based on the latest technologies under the supervision of a team of professionals while adhering to the best international standards, especially when inspecting, maintaining, and repairing vehicles or providing support services that investors may need.

“Our partnership with the Hamriyah Free Zone will play a significant role in expanding Rafid’s scope of work in various cities and regions of the emirate,” Al Midfa said.