Magnum Technology Center Opens Second UAE Production Facility in Hamriyah Free Zone

• Al Mazrouei: HFZA has become a major hub for oil and gas business thanks to HH Sharjah Ruler’s enlightened vision
• John: New facility to help MTC expand its expertise in other areas such as renewable energy and electric modular buildings, and reach new markets

Sharjah: Magnum Technology Center (MTC), a global leader in the design and manufacture of complete equipment packages, managed pressure drilling and underbalance drilling services for well testing and production, will open 345,000 square feet of new production in Hamriyah We have opened a facility. free zone.

The new plant will increase MTC’s capacity by 10% from its current 1,000 tonnes per year.

MTC’s second plant in the United Arab Emirates was opened by HFZA Director Saud Salim Al Mazrouei and MTC Vice President Sajeev John in the presence of senior HFZA officials and MTC HFZA General Manager Shibu David. was opened.

Shortly after the ribbon cutting, Al Mazrouei accompanied by many HFZA officials toured the new facility with 121 experienced staff and sound engineering and manufacturing capabilities to serve the oil and gas industry . He was briefed on the latest technologies and solutions offered in the areas of well testing and production, unbalanced drilling, controlled pressure drilling and modular building.

Thanks to its state-of-the-art infrastructure and advanced logistics capabilities, Hamriyah Free Zone Authority attracts the attention of many leading companies operating in the oil and gas sector worldwide. Promising markets abound with growth opportunities in the energy sector.

It is worth noting that the UAE is the 7th largest oil producer in the world, producing over 4 million tonnes in 2020. The UAE is also the 10th largest gas producer in the world. Sharjah-based Free Zone (HFZA) is therefore committed to providing a unique investment climate that will propel all businesses to new, unprecedented heights of growth and excellence through forward-looking policies and initiatives. I’m in.

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Al-Mazroui took the opportunity to highlight that HFZA has grown into an important hub for the oil and gas industry. The enlightened vision of His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to provide value-added services and strengthen Sharjah’s position as a premier investment destination. Without it this would not have been possible. Dear Investor,

“Driven by the vision of Dr. Sheikh Sultan, HFZA has made it a priority to give investors easy access to all their basic needs, especially in the energy industry. We have developed a comprehensive system of logistics services and state-of-the-art infrastructure to stimulate business growth, including our operations in the gas sector.”

“MTC’s new plant in HFZA will be a great addition to other oil and gas companies operating especially in the free zone, and the United Arab Emirates as a whole, thanks to its unique expertise and innovative services. Absolutely,” he added.

Al Mazrouei commented on the existence of Hamriyah Port, which provides import and export services for oil, gas and petrochemical raw materials, and the fact that HFZA is strategically located in the middle of the world’s most important energy market. says so. , more than 1,500 companies specializing in the petrochemical industry, oil and gas storage and bunkering operate in the free zone. In addition, a complex service area will be allocated for companies specifically engaged in this sector.

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Sajeev John says: Manufactured from stock to the latest industry standards or with advanced delivery, it improves the ability of customers to bring services to market on time. ”

“We chose HFZA in particular for many reasons. HFZA offers unique benefits and facilities to foreign investors and has vast and diverse experience in the conventional and renewable energy sector. It is also one of the most important and largest free zones in the United Arab Emirates, attracting huge investments in the energy sector, especially oil and gas, and houses major international companies operating in this sector. We are confident that our HFZA-based production facility will help us expand our expertise in other areas such as renewable energy, electric modular buildings and enter new markets in the Middle East, Africa and Europe. increase.”

In addition to providing land for industrial and commercial use, the HFZA, the UAE’s second largest industrial free zone, offers advanced infrastructure and modern facilities, especially to major countries in the world. strengthen external expansion plans for investors in the import and re-export of market. It also offers countless competitive advantages. Most notably, multiple tax exemptions, repatriation of capital and profits, full foreign ownership of businesses, and regional and global markets.

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