SHARJAH, 25th January, 2016 (WAM)–Aiming for further expansion in the region, Lamprell Energy Ltd has leased more land in Hamriyah Free Zone.
Hamriyah Free Zone Authority (HFZA) Chairman, Sheikh Khaled bin Abdullah bin Sultan Al Qasimi and Lamprell Chief Executive Officer James Moffat, signed an agreement in this regard on Monday.
“Lamprell has acquired an additional land area of 114280 m? in phase 2 of the Hamriyah Free Zone as part of its development plans,” Sheikh Khaled, who is also the chairman for the Department of Seaports and Customs and Sharjah Airport International Free Zone (SAIF Zone), said, after inking the pact.
“We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations”, Sheikh Khalid added.
The ceremony which was held at HFZ Authority’s headquarters was also attended by HFZA and SAIF Zone director Saud Salim Al Mazrouei, Ahmed bin Hadda Al Suwaidi, Director of HFZA Administrative Affairs, T.V. Ramesh, CFO, HFZA, Lamprell COO Niall O ‘Connell and Lamprell Group Operations Manager Justin Taylor alongside HFZ Authority and Lamprell representatives.
Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, has been active in Hamriyah Free Zone since 2007.
“The additional land has been leased primarily in order to construct new fully automated fabrication areas including pipe fabrication shops and blasting and painting sheds. This initiative, which forms part of Lamprell’s “Project Evolution” initiative, aims to increase efficiency and productivity. This increased focus on automation and yard optimisation is aimed at reducing pipe fabrication man-hours, improving safety, eliminating unnecessary material wastage and improving the quality of the Group’s products and services”, a Lamprell spokesperson said in a statement.
“With this additional land, Lamprell now leases over 500,000 m? of land including 1,430 metres of quayside in Hamriyah Free Zone “,Lamprell added in its statement.
Saud Salim Al Mazrouei, Director of HFZA and SAIF Zone said: “We are delighted to celebrate the growth of Lamprell as this move will enable them to grow further locally and internationally. We see this development as another example of our strategic goal of empowering businesses paying off.”
“Our aim is to create a strong business environment by meeting the needs and demands of its investors,” Al Mazrouei added.
Hamriyah Free Zone Authority is the leading hub for petrochemicals, oil & gas bunkering and storage in the UAE and a key force that attracts a large fraction of the foreign direct investment to Sharjah.
Lamprell, based in the United Arab Emirates and with over 40 years of experience, has an international reputation for building complex offshore and onshore process modules as well as fixed platforms and topsides, and holds leading market positions in the fabrication of shallow-water drilling jackup rigs, multi-purpose liftboats, land rigs, and rig refurbishment projects.