Herald Holdings expands business at Sharjah Airport International Freezone

Herald Holdings expands business at Sharjah Airport International Freezone

SHARJAH, 16th July, 2023 (WAM) -- Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region.

The agreement, inked by Saud Salim Al Mazrouei, Director of SAIF Zone, and Krishna Kaladharan, Managing Director of Herald Holdings, marks a significant milestone in the company's growth strategy.

Under the new deal, Herald Holdings has secured 173,000 square feet (sq.ft) on lease in SAIF Zone. This strategic move will enable the company to construct a state-of-the-art logistics facility tailored to cater to multiple sectors, including hospitality, consumer goods, construction, oil and gas, and heavy projects. The facility will offer comprehensive warehousing services and seamless cargo transportation by air, land, and sea.

The expansion plan will be further reinforced by the free zone’s advantageous location and access to high-growth markets in the Middle East, Africa, and Asia. By leveraging SAIFZ's cutting-edge facilities and business solutions, the company aims to strengthen its position as a major hub for trade, industry, and logistics.

With the latest investment, Herald Holdings' total investment in the free zone will increase to AED30 million. The company's