UAE-based Dana Steel has signed an agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) to develop its first hot and cold rolling steel complex in Abu Dhabi, which will be spread across 50,000 metres and will have a rolling capacity of 500,000 metric tonnes per year.
“The new complex, which has a rolling capacity of 500,000 metric tonnes, will make it easier to integrate the company’s continuous galvanizing and continuous color coating lines backward,” Dana Steel wrote in a statement posted on its website.
Dana Steel is one of the biggest and most cutting-edge producers of steel coils and sheets that have been hot-dip galvanised (HDG), alu-zinc (AZ), pre-painted (PPGI), pre-painted (PPAZ), and pre-painted (PPAL), the statement noted.
In addition to being Dana Steel’s first business endeavour in Abu Dhabi, the agreement with KEZAD Group will also mark the opening of the first Cold Rolled (CR) and Hot Rolled Pickled Oiled (HRPO) steel facilities in KEZAD, Dana said in the statement.
KEZAD Group is expanding its support for the Abu Dhabi Industrial Strategy, which seeks to more than double the size of the emirate’s manufacturing sector to $47 billion (AED 172 billion) by 2031 through a series of transformational programmes, by serving as the platform for Dana Steel’s first facility in Abu Dhabi.
Commenting on the development, Dr Ankur Dana, CEO of Dana Steel Industry said: “We are pretty delighted to start this landmark project in KEZAD, which builds upon our efforts to add value for our clients across continents,” as the demand for high-quality steel products is expected to increase globally.
“This project, which will be our ninth industrial facility in the UAE, was chosen by us due to a number of distinctive criteria, including the world-class infrastructure available, seamless connectivity to other markets, and simple access to natural gas at affordable prices.”