Herald Holdings (FZE), a renowned conglomerate of logistics and shipping companies, has entered into an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its foothold in the region. The agreement, signed by Saud Salim Al Mazrouei, Director of SAIF Zone, and Krishna Kaladharan, Managing Director of Herald Holdings, marks a significant milestone in the company’s growth strategy. The expansion plan involves leasing 173,000 square feet (sq.ft) of space in SAIF Zone, enabling Herald Holdings to construct a state-of-the-art logistics facility to cater to diverse sectors and enhance its logistics services within the Middle East, Africa, and Asia.
Herald Holdings’ investment agreement with SAIF Zone facilitates the construction of a cutting-edge logistics facility in an area of 173,000 sq.ft. The facility will be designed to accommodate multiple sectors, including hospitality, consumer goods, construction, oil and gas, and heavy projects. Offering comprehensive warehousing services and seamless cargo transportation by air, land, and sea, the expansion aligns with Herald Holdings’ commitment to providing efficient logistics solutions tailored to meet the needs of its clients.
The strategic location of SAIF Zone and its access to high-growth markets in the Middle East, Africa, and Asia are pivotal factors in Herald Holdings’ decision to expand within the free zone. By leveraging SAIF Zone’s advanced infrastructure, state-of-the-art facilities, and comprehensive business solutions, Herald Holdings aims to solidify its position as a major hub for trade, industry, and logistics. The expansion not only enhances the company’s operational capabilities but also offers advantages in terms of proximity to key markets and streamlined supply chain management.
The investment agreement with SAIF Zone boosts Herald Holdings’ total investment in the free zone to AED 30 million. The company’s operational footprint in SAIF Zone will expand to a sprawling 227,000 sq.ft, considering the additional 54,000 sq.ft warehouse it rented in 2022. This substantial increase in investment and operational space underscores Herald Holdings’ commitment to expanding its presence and strengthening its logistics capabilities within the region.
With over 28 years of experience, Herald Holdings has established itself as a global leader in the logistics and shipping industry. The company’s expertise spans various domains, including Non-Vessel Owning Common Carrier (NVOCC), Global Freight Forwarding, Project Logistics, and E-commerce services. With a focus on the Middle East and the Indian Subcontinent, Herald Holdings has demonstrated remarkable proficiency and leadership in delivering comprehensive logistics solutions.
Saud Al Mazrouei, Director of SAIF Zone, expressed his pleasure at Herald Holdings’ expansion, emphasizing the role of SAIF Zone as a catalyst for regional and global trade growth. He highlighted the zone’s ability to attract major international businesses in the logistics and e-commerce sectors and provide diverse support to foster their growth. SAIF Zone’s strategic location, well-developed ports, airports, and infrastructure supporting supply chains contribute to its position as a significant global hub for trade and logistics.
At SAIF Zone, efforts are dedicated to enhancing the resilience of the transport and logistics sector through innovative solutions and amenities that support investors’ aspirations. The integrated systems cater to a wide range of logistic services and associated sectors, including light and heavy industries and assembly operations. With innovative infrastructure and communication systems, SAIF Zone streamlines the movement of goods, facilitated by its proximity to Sharjah International Airport. This advantageous location offers an attractive incentive for companies seeking to penetrate competitive markets in the MENA region.
Krishna Kaladharan, Managing Director of Herald Holdings, expressed confidence that the expansion plan would enhance the company’s competitiveness in the GCC, MENA region, Asia, and Europe. SAIF Zone’s strategic location, advanced logistics facilities, and tailored business solutions align perfectly with Herald Holdings’ aspirations to become a leading international company in the logistics and express freight sectors. The expansion enables Herald Holdings to provide direct and effective logistics solutions to clients across various countries, further cementing its position as a trusted logistics partner.
Herald Holdings’ investment agreement with SAIF Zone represents a significant step in the company’s growth strategy, enabling the expansion of its operations and strengthening its presence in the logistics industry. By securing additional space within SAIF Zone, Herald Holdings will construct a state-of-the-art logistics facility tailored to meet the diverse needs of its clients. Leveraging the advantages of SAIF Zone’s location and advanced infrastructure, the company aims to solidify its position as a major player in the global logistics arena. The expansion showcases Herald Holdings’ commitment to providing efficient logistics solutions and reinforces SAIF Zone’s role as a key driver of trade growth and logistics excellence.
