Gulftainer is set to invest $3m in a “crucial” road link between Sharjah’s Saja’a Industrial Investment Park (SIIP) and three of the emirate’s major seaports.
The UAE-based independent port operator said the new highway will connect the industrial park with Port Khalid, Hamriyah Port, and Khorfakkan Port in Sharjah through Emirates Road (E611).
The investment, it added, “aligns with its objective to play a key role in driving Sharjah’s economy”.
In a statement, the group said it will host a ceremony to commence the construction of the link – officially called the Saja’a Permancent Access Road – although no date for this has been revealed yet.
Work on the link has already begun.
Spanning an area of 75ha, SIIP is set to become a fully bonded logistics facility, with goods imported under bond exempt from duty or value-added tax until released to the local market.
Gulftainer said the mixed-use development will also offer convenient access to premier air and sea hubs as well as connectivity within the UAE and beyond.
Speaking on news, Peter Richards, group chief executive officer of Gulftainer, said: “We are delighted to announce the start of construction of the crucial road extension that, once completed, will significantly improve transport links between the Saja’a Industrial Investment Part and the three seaports of Sharjah.
“Gulftainer has been part of the emirate’s growth story for over four decades. Our investment testifies to our commitment to fuelling Sharjah’s economy and enhancing the emirate’s global competitiveness ranking.”
The port operator said the extension aims to address the growing demand for logistics facilities in the UAE in the run-up to mega events such as Expo 2020 Dubai, which will run six months from 20 October 2020.