SAIF Zone attracts Korea’s Heesung PMTech Middle East

SHARJAH / WAM

Adding another feather to its cap and further solidifying Sharjah’s reputation as a preferred destination for specialised global enterprises, the Sharjah Airport International Freezone (SAIF Zone) successfully attracted Heesung PMTech Middle East, a Korean company specialising in platinum group metals (PGM) recycling.
The company has established a state-of-the-art refinery covering 6,500 square feet within the Free Zone, marking an initial investment of approximately AED 4 million for the project’s first phase, which is set to last six months.
Saud Salim Al Mazrouei, Director of SAIF Zone, Dohyun Jung, Vice Chairman of Heesung Group, KO Jeong, CEO of Heesung PMTech and Jeongseok Do, General Manager of Heesung PMTech Middle East, inaugurated the cutting-edge facility, with senior officials and executives from both entities attending.
During his visit to the refinery, Al Mazrouei, accompanied by free zone officials, toured the facility, gaining insights into its operational processes and learning about the platinum metal recycling method and its diverse applications.”
Additionally, Al Mazrouei visited the research and development laboratory, equipped with state-of-the-art tools for material analysis and exploration, commending the utilisation of advanced technologies in this intricate process.
Al Mazrouei stressed that under the wise leadership of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the emirate has emerged as a global investment destination known for its diversity and competitiveness.
He stated that the strategic investment by the Korean company is a testament to SAIF Zone’s escalating stature on the global stage.
Further, Al Mazrouei said, “We are committed to fostering a business-friendly atmosphere, enabling companies to thrive through investments in essential services, facilities, and infrastructure.”
“Our ultimate goal is to create a conducive environment for growth and expansion into regional and global markets from the free zone.”
“SAIF Zone will spare no effort to attract and boost foreign direct investment flows into the Emirate of Sharjah, positioning it as a leading innovator among Middle Eastern free zones. We achieve this by offering a suite of smart services in a creative and comprehensive manner, thereby facilitating the conduct of innovative and high-quality commercial and industrial operations,” he added.
Jeongseok Do emphasised that the high-quality facilities offered by the SAIF Zone were instrumental in the company’s decision to expand its operations in the emirate of Sharjah.
He pointed out that these facilities provide easy and smooth access to regional and global markets, facilitating the company’s ability to serve its customers efficiently.
Do added that, operating in a specialised field critical to numerous industries, the company is keen to boost its presence in a region essential to the global economy.
He lauded the constructive cooperation and strategic partnership with the Free Zone, highlighting its significant contribution to the company’s goals.
He highlighted that Heesung PMTech, founded in 2004 in Korea, was the leading company specialising in the recycling of platinum group metals, emerging from a collaborative investment project between Heesung Catalysts and Hyundai Motors.