Herald Holdings to Build State-of-the-Art Logistics Facility at SAIF Zone
Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region.
The agreement was inked by HE Saud Salim Al Mazrouei, Director of SAIF Zone, and Mr. Krishna Kaladharan, Managing Director of Herald Holdings.
Under the new deal, Herald Holdings has secured a lease of land spanning 173,000 square feet in SAIF Zone.
The facility will offer comprehensive warehousing services and seamless transportation of cargo by air, land, and sea.
This move will enable the company to construct a state-of-the-art logistics facility tailored to cater to multiple sectors, including hospitality, consumer goods, construction, oil and gas, and heavy projects.
The company's operational footprint in SAIF Zone is set to expand to a sprawling 227,000 square feet, considering the additional 54,000 square-foot warehouse it rented in 2022.
Herald Holdings is one of the fastest-growing Non-Vessel Owning Common Carrier (NVOCC), Global Freight Forwarding, Project Logistics, and e-commerce services providers across the Middle East and Indian Subcontinent.
Global hub for trade
HE Saud Salim Al Mazrouei, Director of SAIF Zone, warmly welcomed Herald Holdings' new expansion in the free zone. In his statement, he said: "We are deeply pleased to witness Herald Holdings announcing its latest expansion here in SAIF Zone.
"This move only serves to further establish our position as a potent driver for trade growth, both on a regional and global scale.
"At SAIF Zone, we have committed ourselves to boosting the resilience of the transport and logistics sector through innovative solutions and amenities that support investors' aspirations and help them achieve growth and success they look forward to in competitive markets.”
Advanced logistics facilities
Krishna, Managing Director of Herald Holdings, expressed confidence that the recent expansion plan would further enhance the company's presence and competitiveness in the GCC, MENA region, Asia, and Europe.
"SAIF Zone’s strategic location, paired with its advanced logistics facilities, ideal business solutions, and capabilities tailored to accommodate the needs of various types of companies, collectively aligns with our goal," he said.