‘We believe in long-term GCC growth’

The first phase of United Iron & Steel’s (UIS) Abu Dhabi steel mill is due to open this spring as part of a Dh2 billion, 1.3 million square-foot project set to add 450,000 metric tonnes of galvanised and pre-painted steel coils to the emirate’s industrial output.

0
329

The first phase of United Iron & Steel’s (UIS) Abu Dhabi steel mill is due to open this spring as part of a Dh2 billion, 1.3 million square-foot project set to add 450,000 metric tonnes of galvanised and pre-painted steel coils to the emirate’s industrial output.

UIS, a joint venture between Dubai’s AJ Group and Saudi Air Distributions Company (SAFID) Group, is due to supply most of its output to SAFID, which specialises in providing heating, ventilation and air conditioning (HVAC) products to developers, in a move to secure its vertical supply.

SAFID is also expanding its Sharjah plant.

Saudi Arabian businessman Shaikh Mohammad Al Rahbani, whose family holds a controlling interesting in SAFID, said in an interview to Gulf News that the UAE’s business environment was a major factor in UIS’s decision to locate the factory in the Industrial City of Abu Dhabi (ICAD). More info

By Andrew Staples, Chief Business Reporter  gulfnews.com

LEAVE A REPLY