Page 8 - Al Tijarah - August 2021
P. 8

SAIF Zone enhances its position as an ideal

                         destination for global investments

       50  In a new indicator of Sharjah's top

         spot as one of the best destinations
         for international investments, the
         Bano Puratos, the leading Belgian-
         Lebanese manufacturer and supplier
         of raw materials for bakeries and
         chocolate and ice cream factories,
         which has established its largest
         factories in the Sharjah International
         Airport Free Zone Authority (SAIF
         Zone),  announced  that  since  the
         beginning  of  2022,  it  is  increasing  its
         monthly production from 300 tons
         to 600 tons and 900 tons by 2023.
         The company plans to increase its
         production lines from 45 to 150
         products during the 2022, reflecting
         the quality of the facilities provided   companies to achieve their economic   plans and sustainable growth
         by the Authority and its position as   goals.                        process, and establishing Sharjah's
         an ideal  environment for companies                                  position  as  a centre  for  quality
         wishing  to  expand  into  the  region's   Al Mazrouei pointed out that the   industries, in line with the national
         markets, its advanced infrastructure   announcement of "Bano Puratos" to   strategy of advanced industry and
         and global logistics services, as well as   double the production of its factory   technology.
         its strategic geographical location and   despite its modernity, represents
         proximity to airports and international   added value in the level of diversity of   For his part, Rayan Mohsen, Director-
         markets.                          investments in the region in addition   General of Bano Puratos in the
                                           to meeting the growing demand in   UAE, lauded the unique business
         Saud Salim Al Mazrouei, Director   the UAE markets and neighboring   environment, quality of services
         of SAIF Zone, at the head of a    markets for products and solutions   and facilities being provided by the
         delegation from the Authority,    related to the food industry, taking   free zone, which were the reason
         visited the company's factory, which   advantage of the advantages that   behind the company’s decision to set
         was established at the  beginning of   Sharjah  International  Airport  Free   up its largest branch in the Middle
         2020  on  an  area  of  17,250  square   Zone is keen to provide to investing   East,  based  on  its  global  reputation
         feet with an investment of AED 20   companies to support the growth   and advanced services. He also
         million. Al Mazrouei praised the   of its business and investments. He   commended the Zone’s commitment
         quality  of  the products  provided  by   stressed  the  Zone’s  commitment   to support investors and preserve
         the company, stressing that the high   to apply the directives of His   their interests, especially since the
         demand of international companies   Highness Sheikh Dr. Sultan bin   establishment of the factory came
         with specific specialties to be present   Mohamed Al Qasimi, Member of   during  the Covid-19  pandemic,
         in Sharjah and take SAIF Zone as its   The Supreme Council and Ruler of   considering that the management
         headquarters in the markets of the   Sharjah, to establish the emirate as   of the UAE to the repercussions
         region, is a clear indication of the   an ideal destination for international   of the pandemic and economic
         level of facilities it provides to the   companies and institutions in all   stimulus provided by the government
         region, as well as exceptional services   its fields of work, supporting the   accelerated the economic recovery
         that support the aspirations of these   emirate's economic diversification   and stimulated markets.
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