HFZA signs investment agreement with Medtra

HFZA signs investment agreement with Medtra

SHARJAH / WAM

The Hamriyah Free Zone Authority (HFZA) has signed an investment agreement with Medtra, one of the world's major companies in the production and manufacturing of healthcare equipment and products, to expand Medtra's operations in the Mena markets. Under this agreement, Medtra, which operates in 40 countries, is set to invest some AED 100 million in HFZA through the construction of state-of-the-art manufacturing facilities, using the latest technologies and innovations. Headquartered in Saudi Arabia since 2004, Medtra is serving Mena's healthcare sectors, along with food, agriculture, farming, poultry, hospitality, oil and gas, as well as industrial sectors with more than 3,000 high-quality products, while the company has been serving the UAE market since 2013. The opening ceremony for the company's new headquarters was held in the presence of Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, and Saj Sulaiman, Chairman of Medtra.

Commenting on the new agreement, Al Mazrouei said, "Our agreement with Medtra to start investing in HFZA is yet another testament to Sharjah's outstanding position as a global business destination. Meanwhile, choosing Sharjah as a new headquarters for the company, amid rising demand for healthcare and hygiene products due to the Covid-19 pandemic, clearly reflects the