Hamriyah Free Zone Authority showcased unique investment opportunities during OTC in Houston
The Hamriyah Free Zone Authority (HFZA) in Sharjah recently participated in the four-day Offshore Technology Conference (OTC 2023) held in Houston, Texas, USA. The delegation, led by HFZA Director Saud Salim Al Mazrouei, showcased the unique investment opportunities in the oil and gas sector offered by the free zone while also fostering collaboration with major international institutions and companies. The HFZA delegation highlighted the investment value, vision, and strategy for sustainable growth, as well as the enabling incentives and privileges it offers to businesses in the oil and gas sector.
The HFZA provides an ideal investment environment and state-of-the-art infrastructure that meets the needs and requirements of companies operating in the industry and is supported by a comprehensive logistics services system. Its strategic location near Hamriyah Port further enhances its appeal to potential investors, as the port provides vital import and export services for the oil, gas, and petrochemical industries, establishing HFZA as a distinguished industrial base for prominent international companies.
Saud Salim Al Mazrouei said, “Our participation in this prestigious global event is a testament to HFZA’s commitment to staying ahead of the curve in the oil and gas sector, ensuring that we can provide our investors with the most up-to-date insights and opportunities.” The Hamriyah Free Zone is home to over 1,200 key players in the industry and is the second-largest petrochemical center in the UAE, making it an attractive location for investment. The strategic location enables the Free Zone to offer comprehensive solutions for exploration, production, and refining projects, creating promising new opportunities for those in the sector.
The OTC 2023 is the premier event of its kind in the world, bringing together energy professionals to exchange ideas and insights, advancing scientific and technical knowledge for offshore resources and environmental matters. The 2023 edition saw the participation of over 24,000 energy professionals from more than 100 countries. Additionally, over 300 peer-selected technical presentations were made, covering various aspects of the offshore drilling and exploration technology sector, including production and environmental issues. The event featured participants from nearly 100 countries and spanning all areas of the offshore energy sector, displaying the latest developments in oil and gas fields and associated sub-industries. Equipment manufacturers and service providers also presented innovations across categories, including drilling, exploration, manufacturing, instrumentation, oilfield chemicals, pollution control, operations, production, renewables, and more.
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