Hamriya Free Zone inks agreement with Infinite Mining & Energy

Hamriya Free Zone inks agreement with Infinite Mining & Energy

- Infinite Mining & Energy to Lease a 200,000 sqft plot of land to establish an oil refinery with annual refining capability of up to 3.6 million barrels

- Al Mazrouei: HFZA sets benchmark with strong ROI, serving as an ideal hub for essential projects and significant contributor to national economy

- Merchant: New investment plan aligns with the expansion strategy leveraging the HFZA’s location for direct interactions with key manufacturers and broad access to regional and global markets

Sharjah: The Hamriya Free Zone Authority (HFZA) has cemented its leading position and appeal for investment in the oil and energy sector following a deal with an Indian company Infinite Mining & Energy.

Infinite announced that is going to double its investment in the free zone and establish a multifunctional oil refinery. The new facility will have a daily production capacity of 10,000 barrels and an annual refining capability of up to 3.6 million barrels.

H.E. Saud Salim Al Mazrouei, Director of the HFZA; and Bilal Merchant, Managing Director of Infinite Mining & Energy FZE; signed an agreement at HFZA headquarters in the presence of senior officials from both sides.

Under the agreement, Infinite will lease a 200,000 sqft plot of land in the free zone to