Medtra to invest $27.2m into new manufacturing facilities in HFZA
The company manufactures a variety of products across several sectors including healthcare, food, hospitality and oil and gas
An investment agreement has been signed between the Hamriyah Free Zone Authority (HFZA) and Medtra at the inauguration of the latter’s new headquarters. The deal will see Medtra invest $27.2m in the HFZA through the construction of manufacturing facilities that leverage the latest technologies and innovations.
Medtra’s new headquarters was inaugurated in the presence of Saud Salim Al Mazrouei, HFZA Director and Saj Sulaiman, chairman of Medtra. Al Mazrouei toured the new facilities and was briefed on the latest innovations the company leverages to produce healthcare products and supplies.
“This is yet another testament to Sharjah’s outstanding position as a global business destination. Meanwhile, choosing Sharjah as a new headquarters for the company, amid rising demand for healthcare and hygiene products due to the COVID-19 pandemic, clearly reflects the robustness and reputation of the emirate’s business environment at the global level in these challenging times,” said Al Mazrouei.
According to a statement, Saudi-based Medtra serves the MENA’s healthcare sectors, along with food, agriculture, farming, poultry, hospitality, oil and gas, as well as industrial sectors with a variety of products.
He added, “In today’s fast-paced environment, we see a lot of global and multidisciplinary companies opt for Sharjah to kick-start their operations in the region. At HFZA, we support the companies by offering fantastic benefits and facilities that help them achieve their economic aspirations.”
In addition to offering industrial and commercial plots of land, HFZA provides advanced infrastructure and modern facilities that strengthen external expansion plans for investors, especially with importing and re-exporting to the world’s markets, he concluded.
