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The UAE's Hamriyah Free Zone Investment Roadshow Promotion Forum (Hong Kong), co-organised by Reanda International and the Hamriyah Free Zone Authority, achieved remarkable success. The Forum was held at Runnovation, an exclusive event space in Wanchai, Hong Kong on 24 June 2024, with the full support of Reanda Hong Kong. The Forum showcased insightful presentations, panel discussions and one-on-one business meetings, fostering valuable connections between Chinese and Hong Kong enterprises and the Hamriyah Free Zone delegation.
The Forum attracted over a hundred guests, including representatives from Hamriyah Free Zone, prominent enterprises and respected business chambers, particularly in the jewellery and watch industry. In his opening remarks, H.E. Saud Salim Al Mazrouei , Director of the Hamriyah Free Zone Authority, highlighted the long-standing trade and cultural ties as well as business opportunities between the UAE and China. He mentioned the mutual attraction between the UAE and China and extended a warm invitation to Chinese companies to flourish and venture into the Middle East market through Hamriyah Free Zone. Mr. Franklin Lau, CEO of Reanda International, shared that under the evolving global economic landscape, countries in the Middle East have become a crucial direction for China's outbound investment. He noted that the "going global" model of Chinese enterprises is diversifying, shifting from exporting products or services to exporting business models and brands. This transformation offers new opportunities for high-quality development, but also poses dual challenges of strategy and compliance.
Ms. Bai Xue, Head of the Market Development Department of the Hamriyah Free Zone, presented the investment environment of the Hamriyah Free Zone, highlighting its unique advantages, registration services, preferential policies, and contracted projects.
During the panel discussion session, Mr. Nelson Tsang, Director of Reanda Hong Kong, led a lively discussion on the strategic advantages of Sharjah, UAE as a pivotal gateway to the Middle East, Africa, and other regions. The session featured distinguished guests including Mr. Omar Rashid Al-leem, Head of Sales Department of the Hamriyah Free Zone Authority, Mr. Peter Pang, Partner of Technobridge HK, and Ms. Zhang Liangying, Head of the China Desk of Reanda UAE. They also shared their experiences of successful Chinese investments in the Middle East and explored the prospects between China and the Arab countries.
Mr. Omar Rashid Al-leem, Head of Sales Department of the Hamriyah Free Zone Authority, provided an in-depth overview of the thriving enterprises in the Hamriyah Free Zone, outlining the unique geographical advantages and competitive operating costs that cater to diverse industries. He also outlined the factors to consider when expanding or opening a business in the UAE, particularly the importance of complying with government policies and regulations. Mr. Pang shared his experiences in the Middle East and provided invaluable perspectives on how companies can integrate into the Middle Eastern cultural environment. Ms. Zhang Liangying, Head of the China Desk of Reanda UAE, presented the firm's professional services tailored for Chinese enterprises seeking to expand overseas.
In the afternoon, Reanda International facilitated one-on-one business meetings between the Hamriyah Free Zone delegation and interested enterprises looking to invest in the Middle East. These meetings provided a platform for meaningful exchange and exploration of potential collaboration opportunities.
About Hamriyah Free Zone
Hamriyah Free Zone is the second largest and fastest-growing industrial free zone in the UAE spreading over an area of 30 million sqm. It is home to more than 6,500 companies from 163 countries operating across various service, industrial and commercial sectors.
Besides being strategically located at the intersection of three continents, which provides an easy access to global markets, the free zone enjoys state-of-the-art infrastructure and offers competitive advantages including 100% ownership, repatriation of capital and profits, and various tax exemptions. Hamriyah Free Zone has a 14-meter deep-water port designed for export of giant vessels for petrochemicals and various goods. It is renowned globally as a leading hub for the iron and steel industry, making it one of the most critical sectors within the zone. It attracts substantial foreign investments and hosts numerous multinational and international companies serving regional and global markets. These entities benefit from the freezone’s world-class infrastructure and seamless connectivity with global markets.
The free zone also features Food Park, the region’s first dedicated zone for food and commercial industries, which includes 228 warehouses and storage designed for light to medium industries suitable for manufacturing, assembly and packaging which provides investment opportunities for food companies.
