ARIA Commodities, Launches four projects in HFZA
ARIA Commodities, the market leader in the field of Asphalt and Distillates and Storage Infrastructure Development, recently announced it will invest a total of AED 154mn (US$ 41.93mn) in the construction of four plants in the Hamriyah Free Zone, including a bitumen plant, a refinery, a tyre recycling plant, and a storage terminal.
ARIA has also announced that it will lease three additional plots of land in the free zone, bringing the total number of plots acquired to five, with a combined area of 540,000 sq.ft.
ARIA’s new expansion plan was revealed during a ceremony held recently to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA). In attendance were Saud Salim Al Mazrouei, HFZA Director, and Mirat Bhadlawala, CEO, Energy Business and Chief Optimization Officer, ARIA Group with senior officials from both sides.
“ARIA’s new plants will be eco-friendly. Not only will the four plants improve the optimum use of natural resources, but they will also help reduce industrial waste and extend the life cycle of materials and products by adopting environmentally friendly measures,” stated Al Mazrouei.
For his part, Bhadlawala stressed that ARIA aims to be a one-stop-shop in road and civil construction, manufacturing, and trading of distillates, not just within Hamriyah but expanding our reach globally to cater to the gas oil and bunkering markets too.