Emirates Steel Arkan and Al Jazeera Steel Product Company signed a MoU to establish a framework for collaboration and to seize new opportunities in the steel business ecosystem.
July 16, 2023
A Memorandum of Understanding (MoU) was signed between Emirates Steel Arkan and Al Jazeera Steel Product Company (AJSP) which aims to establish a strategic framework for collaboration, further benefiting from joint product expertise and seizing new opportunities in the steel business ecosystem. The MoU coincides with AJSP establishing a medium-section rolling mill in Khalifa Economic Zones Abu Dhabi and also planning to introduce a tube mill and heat-treated alloy round bars. The MoU provides Emirates Steel Arkan the opportunity to supply semis, including billets, blooms, and beam blanks to AJSP’s upcoming factory in Abu Dhabi or existing factory in Sohar, Oman. The two parties will also research options for collaboration in the promotion and marketing of finished products involving light and medium sections from AJSP and heavy sections from ESA.
Saeed Ghumran Al Remeithi, Group CEO, Emirates Steel Arkan, said, “Through this MoU, we will bolster our market share, synergize our collective knowledge and expertise, capture new business opportunities, and bid for upcoming projects. By harnessing the strength of our shared vision for decarbonizing the steel industry, resources, and experience, we are ready to chart a course toward unparalleled growth and success in the dynamic steel business ecosystem.
Sheikha Amal Bahwan, Chairperson, Al Jazeera Steel Product Co, stated, “We are delighted to partner with Emirates Steel Arkan, the UAE’s largest steel and building materials manufacturer, to further strengthen our proposition and ability to serve customers around the world with diverse steel products. By joining forces, we aim to leverage ESA’s unrivaled expertise and expansive market presence, complemented by Al Jazeera Steel’s established reputation for manufacturing excellence.”