• Al Mazrouei: FURA’s enlargement in SAIF Zone one other testomony to the success of the free zone’s technique aimed toward making Sharjah a worldwide hub for valuable stones, diamonds and gold
• Dev Shetty: FURA’s determination to broaden in SAIF Zone was primarily based on a number of concerns together with the free zone’s strategic location

Sharjah: FURA Gems, a number one international mining firm of coloured gems, has formally inaugurated its new facility on the Sharjah Airport Worldwide Free Zone (SAIF Zone)’s Gold, Diamonds and Commodities Park, a full-fledged and extremely specialised jewelry manufacturing unit.

The worldwide mining firm introduced it’s increasing its operations in three warehouses, comprising a 12,000 sq ft space, with the brand new facility seen because the cornerstone of FURA’s regional and international enlargement plans and a base for development from the Sharjah Airport Worldwide Free Zone.

The brand new facility, which hires a extremely certified workforce with in depth expertise in sorting and grading gems based on color, readability, and dimension, was opened by HE Saud Salim Al Mazrouei, Director of Sharjah Airport Worldwide Free Zone Authority, and Dev Shetty, Founder and CEO of FURA Gems, within the presence of senior officers from either side.

Accompanied by various SAIF Zone officers, Al Mazrouei toured the newly inaugurated grading plant and was briefed on the method of mining valuable gems, emeralds, rubies, and sapphires from Colombia, Mozambique, and Australia, along with the grading technique of tough gems earlier than being provided on the market to potential prospects.

World hub for gems

Commenting on the event, Al Mazrouei mentioned: “Having a number one firm like “FURA Gems” becoming a member of SAIF Zone is one more testomony to the success of our technique aiming to make the Emirate of Sharjah a worldwide heart for gems, diamonds, and gold by way of the Gold, Diamonds and Commodities Park, which affords world-class infrastructure that completely meets the wants of companies trying ahead to increasing their operations into one of the crucial necessary markets on the earth.”

He went on to say that the UAE is the most important and quickest rising hub within the jewelry business, with its commerce in polished diamonds increasing by 52.5%, and its general commerce reaching $19.8 billion within the first half of 2022, a rise of 24.7% yearly.

Financial Diversification

“Since day one, the Gold, Diamonds and Commodities Park has aimed to assist Sharjah’s strategic goals of diversifying the financial system and creating new sectors that may cement the nationwide financial system and gas the event course of. Subsequently, we’re dedicated to strengthening the park’s place and enriching its conducive setting with new amenities, logistical providers, and a clean and quick licensing system.

The park is just not solely distinctive for its world-class infrastructure and 24/7 safety providers, but in addition for its proximity to an important diamond and gold manufacturing and manufacturing facilities in numerous continents of the world, along with its state-of-the-art transportation community that connects the advanced with main international markets.  All these benefits made it a favoured vacation spot for firms trying to broaden and thrive within the gold and jewelry business,” Al Mazrouei said.

World hub for jewelry

For his half, Dev Shetty famous that the choice to open the group’s grading facility in SAIF Zone was primarily based on a number of concerns, together with the free zone’s strategic location and its main fame as a worldwide hub for gold, diamonds, and gemstone commerce, along with the truth that it affords superior amenities and adopts a distinguished set of regulatory mechanisms and worldwide finest practices.

“FURA’s enterprise includes a big quantity of imports and exports from mining areas to grading models and from grading models to respective worldwide prospects. FURA wanted to be in a free zone that’s designed to supply such amenities. SAIF Zone meets the factors and likewise affords high quality warehouses with ample pure gentle and enhanced electrical energy provision,” Shetty mentioned.

He clarified that the brand new facility will present FURA’s shoppers with an built-in bundle of custom-made providers, including that the corporate employs a number of specialists with in depth expertise within the gemstone markets of Thailand, Sri Lanka, and different worldwide markets, and they’re certified as gemmologists from reputed establishments such because the Gemological Institute of America (GIA), Asian Institute of Gemological Sciences (AIGS).

FURA is as we speak a number one international provider of all of the three precious-colored gems, emeralds, rubies, and sapphires. Inside 6 years of operations, FURA constructed 3 mining operations in 3 international locations and a world-class grading facility in Sharjah, UAE. Lately, FURA introduced the most important gem-quality ruby ‘Estrela De Fura’, a whopping 101 carats in tough mined from its mining operations in Mozambique.

Along with providing limitless amenities and providers to buyers, SAIF Zone’s Gold, Diamonds and Commodities Park additionally affords fast-business license issuance procedures (inside one hour), offers higher worth for cash, numerous banking providers, and a variety of areas to swimsuit all wants at inexpensive costs, along with monumental logistical and administrative providers that embody safety, telecommunication, and visa providers, on-site lodging, along with 100% company or private earnings tax exemptions, and 100% import and export tax exemptions.

–Ends–

For additional data, please contact:
Mustafa Taha| Misbar Communications | [email protected]
Ali Elgendy| Misbar Communications | [email protected]
Mahmoud Soliman| Misbar Communications|[email protected]
Sana Lababidi | Misbar Communications |[email protected]