ARIA Commodities launches 4 projects worth $42mln in HFZA

ARIA Commodities launches 4 projects worth $42mln in HFZA

UAE - ARIA Commodities, a leading player in the field of asphalt and distillates and storage infrastructure development, has announced it will invest a total of AED 154 million ($42 million) in the construction of four plants in the Hamriyah Free Zone (HFZA), including a bitumen plant, a refinery, a tyre cycling plant, and a storage terminal.

ARIA has also announced that it will lease three additional plots of land in the free zone, bringing the total number of plots acquired to five, with a combined area of 540,000 sq.ft.

ARIA’s new expansion plan was revealed during a ceremony held recently to sign a lease agreement with the Hamriyah Free Zone Authority by Saud Salim Al Mazrouei, HFZA Director, and Mirat Bhadlawala, Chief Executive Officer for the Energy Business and Chief Optimization Officer for ARIA Group. The ceremony was attended by a number of senior officials from both sides.

The new development is expected to further boost HFZA’s leading position as a top destination for businesses looking forward to basing their operation within a competitive environment that offers simple business set-up procedures.

ARIA Group’s industrial base, which is located in HFZA was established in February 2021. The four new facilities are designed in such