New 50,000sqm facility to empower ‘Made in UAE’ supply
Khalifa Economic Zones Abu Dhabi – KEZAD Group recently signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi.
Under the terms of the agreement, Dana Steel will invest to develop a 50,000sqm facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 Metric Tonnes Rolling Capacity.
By providing a base for Dana Steel first facility in Abu Dhabi, KEZAD Group is extending its support for the Abu Dhabi Industrial Strategy, which looks to more than double the size of the emirate’s manufacturing sector to AED 172bn (US$ 46.83bn) by 2031 through a series of transformational programmes.
“By enabling vertical integration of their manufacturing supply chain, we look forward to supporting Dana Steel on its journey to serve customers and expand its international reach,” remarked Mohamed Al Khadar Al Ahmed, CEO, KEZAD Group.
“With worldwide demand for quality steel products set to grow, we are quite excited to start this milestone project in KEZAD, which builds upon our efforts to enhance value for our customers across continents,” commented Dr Ankur Dana, CEO, Dana Steel Industry.