A factory for the American “Magnum” for Oil Equipment Technology in Sharjah

Sharjah: “The Bay”
American technology company Magnum, which specializes in the design and manufacture of integrated equipment for oil well testing and production, has chosen the Hamriyah Free Zone in Sharjah to launch its second factory in the UAE on a land area of ​​approximately 345,000 square feet, with the aim of increase its production capacity, which is now 1,000 tons. Metric annually at 10% through its new facility.
The new factory of the American company was inaugurated by Saud Salem Al Mazrouei, Director of Hamriyah Free Zone Authority, and Sajeev John, Deputy General Manager of Magnum Technology Company, in the presence of Shipo David, General Manager of Magnum Technology Company, who as well as officials and managers from both sides, where Saud Salem Al Mazrouei toured the company A number of authorities in the departments of the new facility, which provides innovative engineering and production capabilities that meet the needs of the oil and gas sector, and were briefed on the latest technologies and solutions provided by the facility in underbalance drilling, managed pressure drilling services, model building and other logistical services for companies operating in the energy sector from Through more than 121 employees and specialized technicians.
The Hamriyah Free Zone in Sharjah is attracting interest from companies operating in the oil and gas industry from various countries of the world, especially companies that want to expand their presence in the Middle East, which is a promising market full of opportunities in the energy sector, especially since the United The United Arab Emirates competes for the position as the seventh largest oil producer. In the world, with a production of 4 million tons in 2020, and the tenth largest producer of gas in the world, the Hamriyah Free Zone in Sharjah is eager to provide an investment environment that will launch these companies to new unprecedented horizons through forward-looking policies and initiatives that stimulated investment.
Global focal point for investments
Saud Al Mazrouei said: Today, the Hamriyah Free Zone has become an important headquarters for the oil and gas industry, due to the wise vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, aimed at strengthening the Emirate of Sharjah’s position as a global hub for investment by providing value-added services. For investors in various sectors, and in line with this vision, Hamriyah Free Zone has always focused in its strategy on facilitating investors’ access to all their necessary needs, especially in the energy sector, through an integrated system of logistics services and ideal infrastructure for oil and the gas sector.
add quality
Al Mazrouei explained that attracting a leading international oilfield equipment design and manufacturing company, such as the American company Magnum Technology, to the Hamriyah Freeway is a qualitative addition to companies operating in the region and the UAE in general, as a result of the company’s innovative specialization and the services it will provide to factories operating in this sector, especially that Hamriyah Freeport attracts The largest companies operating in the oil and gas sector in the region, with more than 1,500 companies working in the petrochemical industry, oil and gas storage and bunkering, due to its strategic location and in the middle of the most important energy markets in the world, in addition to the presence of Hamriyah Port, which provides export services and imports raw materials for the oil, gas and petrochemical industries, and the allocation of a integrated service area within the authority for companies operating in this sector.
leading company
On his part, Sajeev John, Vice President of Magnum Technology, said: “Since the establishment of our first factory in the UAE in 2010, our vision is to be a leading company and a major service provider to the global oil and gas market through an integrated range of products designed in accordance with the latest international standards and increase customer capacity.” To deliver their services to the market on time and for this reason the choice of Hamriyah Free Zone came to achieve this vision as the zone is one of the most important and largest free zones attracting huge investments in energy, especially oil and gas, and the headquarters of large international companies operating in this sector due to its privileges and facilities, that is why the opening of our second factory in Hamriyah Free Zone will help us expand our business in other areas such as modular buildings and the electricity sector and reach the markets in the Middle East, Africa and Europe.
The Hamriyah Free Zone is the second largest free zone in the United Arab Emirates. It includes industrial and commercial areas and is characterized by advanced infrastructure and modern facilities that enhance investors’ external expansion plans, especially in import and re-export to world markets. It also provides many competitive advantages, especially a single window that improves efficient performance and easy to doing business together with multiple tax exemptions, freedom to return capital and profits, full business ownership and fast connectivity to regional and global markets.

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