News Detail

New investment partnership between HFZA and Saipem

Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport Free Zone (SAIF Zone) signed an agreement with Andrea Marco Palmieri, branch manager of Saipem, the leading Italian oil and gas-related services company.  The company leased 59.338 square meters of land to further expand their services in the Middle East. Saipem is currently one of the global leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market

 

“Having a globally renowned company like Saipem is a culmination of Hamriyah Free Zone Authority’s efforts in attracting foreign investments and highlighting Hamriyah Free Zone’s advantages such as 14-meter deep port and 7-meter deep harbor making it an ideal hub for the manufacture and maintenance of vessels, and trade of oil, gas, iron and steel” says Al Mazrouei. “We will continue to offer world-class facilities and services to our investors to ensure that they can expand their own businesses with us” he added.

 

For their part, the company's officials expressed their confidence in the Authority and expressed their thanks and appreciation for their support and facilities for the success of the new investment project.

 

Saipem began its operations in the 1950s onshore pipelaying, plant construction and drilling. It gradually expanded its operations to include the development of oil and gas fields, land and sea, drilling and laying deep water pipes for more than 68 years. The company has more than 40,000 employees worldwide.