Ajay Harinath Singh Greatest Brand Leader 2018-2019

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TMIconicH. E. Saud SalimAl MazroueiGiving a Major Thrust to Global Trade & InvestmentSupported by a strong background in business management andIT, H.E. Mr. Al Mazrouei is an entrepreneur par excellence who hastransformed the Hamriyah Free Zone (HFZ) and Sharjah AirportInternational Free (SAIF) Zone into world famous, sprawling businesshubs of 13000 investor companies from 157 countriesA Pioneer with FuturisticVisionOne of the youngest directors and apioneer in the field, H.E. Mr. Al Mazrouei,a great visionary, has proved himself as agreat inspiration for the budding youngentrepreneurs in the UAE and abroad. Byvirtue of his insightful observations, herecognised the potential and importanceof Free Economic Zones which arelocated strategically to provide an easyaccess to countries all around the world.He also realised that without a strong,effective and supportive infrastructure,any remarkable economic developmentis not possible.H.E. Mr. Al Mazrouei has been payingspecial attention to the developmentof utility networks, namely, roadnetworks, installing round the clockfacilities for regular supply of power,water and electricity, setting up vitalwarehousing infrastructural facilitiesfor storage of manufactured goods,and air conditioning of complexes andresidential apartments for workers,officials, visitors and corporates. H.E.Mr. Al Mazrouei’s mission is to consultwith government agencies and selectreliable clients who can provide theright logistics support for infrastructuraldevelopment.Exploring New BusinessAvenuesH.E. Mr. Al Mazrouei ceaseless effortshave made industries like food, maritime,petro-chemical, construction, andcommerce flourish consistently. Further,he has been concentrating his energiesin areas of logistics, aviation, perfumeproduction, textiles, garments, and mostimportantly, warehousing. He has beenworking tirelessly to attract corporates toset up new industries in Sharjah.To tap into the positives of white oil, hebought India’s biggest company dealingin white oil (a bye-product of petroleum,used to lubricate power transformers). Itis a testimony to H.E. Mr. Al Mazrouei’sfarsightedness since white oil from Indiais now exported by his company not onlyto Sharjah’s neighbouring countries butalso to Africa, thus bringing in massiveamount of foreign exchange to thecompany’s coffers.An Astute CorporateStrategistH.E. Mr. Al Mazrouei’s focus is not onlyon trading- buying and selling. His mainaim is to develop the free zones intogreatest industrial hubs for local andglobal companies. For this purpose, hehas been encouraging and promotingbilateral relations not only with hisclients but also with the concernedgovernments.Demonstrating a forward-lookingoutlook, he has been constantly strivingto build and accelerate the growth ofsubsidiary businesses like the UAEbasedfactory to manufacture steelbarrels. Around one billion barrelsare manufactured annually to help60+ petrochemical enterprises getan alternative for easy storage. Suchstrategic decisions by H.E. Mr. AlMazrouei have led to an unprecedentedgrowth in the industrial development.Transforming Sharjah intoa Gateway to the worldThe secret to exceptional success storyof H.E. Mr. Al Mazrouei’s ventureslies in the incentives offered to theentrepreneurs in order to sustainmarket competition which has provedvery helpful in creating ease of business,for example, quick simple proceduresfor registration, 100% foreign ownershipbusinesses, 100% import-export taxexemptions and many others.Thanks to his wide ranging economicinitiatives in Sharjah, the zone hasbecome a gateway for GCC marketswith further access to the Middle-East,South-East Asian and African markets.“By virtue of hisinsight, he recognisedthe importance ofFree Zones, which arelocated strategically toprovide an easy accessto countries all aroundthe world”74 | india’s greatest leaders 2019-20 |
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4 TH EDITIONINDIA’SGREATESTLEADER
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TMYoung Indian EntrepreneurAjay Har
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Satyarth PriyedarshiCurrently at th
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Ajay Harinath Singh Greatest Brand Leader 2018-2019

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