Infinite announced plans to double its investment in the free zone and build a multipurpose oil refinery. This new facility will have a daily production capacity of 10,000 barrels and an annual refining capacity of up to 3.6 million barrels.
Saud Salim Al Mazrouei, director of HFZA; and Bilal Merchant, Managing Director of Infinite Mining & Energy FZE, signed an agreement at the HFZA headquarters in the presence of senior officials from both sides.
Under this agreement, Infinite will lease a 200,000-square-foot plot of land in the free zone to build its facility. The expansion is expected to significantly increase the company's storage capacity and meet the growing demand for its services and products.
Source: Hamriyah Free Zone Authority