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01-05-14

FDI of Saudi Hamriyah Free Zone reaches USD10 b

(MENAFN) Hamriyah Free Zone Authority (HFZA), the second largest industrial free zone in the UAE, has welcomed as much as USD10 billion worth FDI, according to Arab News. The announcement was revealed in a ceremony held by HFZA to honor the top local and international banks in the UAE. Saud Al-Mazrouei, director of Commercial Affairs, said: "We would like to express our gratitude to the banking industry for their support and cooperation. This bond will prosper and continue to enhance the development growth of all parties."