HFZA promotes investment in Sharjah Food Park
SHARJAH, February 22, 2021 The Hamriyah Free Zone Authority (HFZA) is currently participating in the 26th edition of the Gulfood 2021 Exhibition which kicked off at the Dubai World Trade Centre and lasts until the February 25 amid the participation of 2,500 companies from 85 countries. HFZA’s participation in Gulfood, which is the world’s largest annual food and beverage trade exhibition, comes as part of its commitment to fulfilling the current and evolving needs of the local, regional, and global food sector. “We are delighted to take part in this great event, which brings together the most renowned international food brands, and we look forward to welcoming visitors at our stand to learn more about Hamriyah Free Zone and Sharjah Food Park which is the first and largest integrated facility dedicated to the food industry,” HFZA said in a tweet.
Hamriyah Free Zone signs deal with Al Aliyo Hydrofarms
SHARJAH, February 24, 2021 The Hamriyah Free Zone Authority has just added another industry leader to its global base of investors after signing an investment agreement with Al Aliyo Hydrofarms, the hydroponic fodder farming industry, at Gulfood 2021. The company will be based in the Sharjah Food Park where it will rent two warehouses extending over an area of 12,0oo sq. ft and is expected to commence operations in May 2021, becoming the company’s first headquarters in the regional markets. It will run the UAE’s first unique project to produce and grow organic fodder for livestock in hydroponic farms based on an innovative concept using the latest technologies in the field.
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Waha Capital reports net profit of Dhs231m
13 Feb 2021 Picture used for illustrative purpose only.
Waha Capital, a leading investment company in Abu Dhabi (Waha), on Saturday announced a net profit of Dhs231 million for 2020, compared to a loss of Dhs616 million in 2019.
In a statement regarding its audited financial results for 2020, the company said that consolidated operating income amounted to Dhs662.2 million, compared to Dhs4.8 million the year before.
In the third quarter Waha Capital made an investment of $50 million in Despegar.com, a leading NYSE-listed company in the online travel sector in Latin America.
Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, said: “It is a testament to the robustness of Waha Capital’s governance and risk management processes that the company was able to navigate the past year, with all its challenges, so successfully.”