Emirates Steel Arkan to highlight its significant contribution to the UAE's industrial sector at “Make it in the Emirates” forum
Emirates Steel Arkan, the UAE’s largest listed steel and building materials company (ADX: EMSTEEL), announced today its participation in the "Make it in the Emirates" forum, where it will highlight its contribution to the country’s industrial output and showcase new products, including the recently introduced ES600 rebar.
The forum, which is the first of its kind in the UAE, will bring together more than 1,300 local and international investors as well as UAE industry leaders amid an expansion of opportunities at the supply and procurement chain level. The "Make it in the Emirates" forum will also provide investors, manufacturers and technology providers in sectors such as energy, telecommunications, aviation, healthcare, food and beverages, with long-term UAE investment opportunities.
The event will be held in Abu Dhabi from June 21-22, 2022, at ADNOC Business Center and is being hosted by the Ministry of Industry and Advanced Technology (MoIAT), in conjunction with the Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi National Oil Company (ADNOC).
During the event, Emirates Steel Arkan will also shed light on its strategic plans, including potential development of a fully automated hot rolled coil project, which would be the first of its kind in the MENA region and would increase the company's total production capacity to more than 5 million tonnes per year. The hot rolled coil project, if approved by the group’s board post comprehensive evaluation, would produce flat-based products, used in various industries, including automotive, electric steel, shipbuilding, gas cylinders, heavy metal structures, marine structures, machinery and its components, pipes, household appliances along with many other products.
Group CEO of Emirates Steel Arkan, Eng. Saeed Ghumran Al Remeithi stated, "We are delighted to take part in this important forum to support the creation of new development opportunities, in line with the UAE’s vision of strengthening the role of the industrial sector and ‘Make it in the Emirates’ in global markets. The forum’s focus on future industries that rely on advanced technology, the fourth industrial revolution solutions and replacement technologies will allow us to showcase our innovative products, including ES600 rebar, a new lightweight and sustainable product that will set new standards in the construction industry.”
He added, "Emirates Steel Arkan is making significant contributions to the UAE’s industrial sector and accounted for more than 12% of the Abu Dhabi’s industrial output during 2021. In the same year, the Group expanded its export markets to 56 countries in 2021 compared to 38 countries in 2019 as part of its support for the "Make it in the Emirates" brand. Emirates Steel Arkan is also one of the first companies to join the National In-Country Value (ICV) Program launched by the Ministry of Industry and Advanced Technology last year as part of efforts to redirect government and private sector purchases to the national industrial sector."
Emirates Steel is owned by SENAAT, the UAE’s largest industrial conglomerate and a driving force for implementing the Abu Dhabi government’s industrial diversification policy. Strategically located in the Industrial City of Abu Dhabi, some 35 kilometers away from the heart of the city of Abu Dhabi, Emirates Steelis the only integrated steel plant in the UAE, utilizing the latest rolling mill technology to produce rebar, wire rod and heavy sections.