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SHARJAH / WAM
ARIA Commodities, the market specialist in the field of asphalt and distillates and storage infrastructure development, has announced it will invest a total of AED154 million in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a Refinery, a Tire Cycling Plant, and a Storage Terminal.
ARIA has also announced that it would lease three additional plots of land in the free zone, bringing the total number of plots acquired to five, with a combined area of 540,000 square feet (sq. ft.).
ARIA’s new expansion plan was revealed during a ceremony held to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA) by Saud Salim Al Mazrouei, HFZA Director, and Mirat Bhadlawala, Chief Executive Officer for the Energy Business and Chief Optimisation Officer for ARIA Group. The ceremony was attended by several senior officials from both sides.