Ikigai Steel sets up 548,000 sq. ft. factory in Hamriyah Free Zone

Ikigai Steel sets up 548,000 sq. ft. factory in Hamriyah Free Zone

- Hamriyah Free Zone Secures Major Deal with Ikigai Steel

- New Facility to Bolster Steel Production with an Annual Production Capacity of 30,000 tonnes

Sharjah: Ikigai Steel FZE has announced it will establish a new factory in Hamriyah Free Zone in Sharjah stretching over an area of 548,000 square feet and boasting an annual production capacity of 30,000 tonnes.

The factory will be equipped with state-of-the-art plant and equipment, providing cutting edge technologies and high end solutions for the iron and steel industry, backed by an estimated initial investment of AED 30 million. Ikigai’s expansion plans are aimed at meeting its long term vision of serving customers and suppliers in the local, regional, and global markets.

An agreement sealing this venture has been signed by HE Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority (HFZA), and Rajendran, Chairman of Ikigai Steel, in the presence of officials from both sides.

Quality Addition

HE Al Mazrouei emphasized that Ikigai’s decision to take the Hamriyah Free Zone as its operational hub is yet another substantial addition to the growing investments HFZA has successfully attracted in line with the wise directives of His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler