HFZA signs investment deal with Saudi Arabian company

HFZA signs investment deal with Saudi Arabian company

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 the latter's operations in the Mena markets. Under this agreement, Medtra, which operates in 40 countries worldwide, is set to invest about Dhs100 million in HFZA through the construction of state-of-the-art manufacturing facilities in accordance with the latest technologies and innovations. Headquartered in Saudi Arabia since 2004, Medtra is serving the Mena's health care sectors, 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 of 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 who toured Medtra's new manufacturing facilities and was briefed on the latest innovations the company counts on in the production of healthcare products and supplies. Commenting on the new deal, HE Saud Salim Al Mazrouei said: "Our agreement with Medtra to start investing in HFZA is yet another testament to Sharjah's outstanding position