UAE’s CIM Steel Industry LLC has entered into a strategic partnership with the National Bank of Umm Al Quwain (NBQ) to support its manufacturing operations and strengthen its contribution to the UAE’s industrial sector.
The company said the partnership will enhance its operational capabilities and support the supply of steel products to the domestic market while contributing to the Make it in the Emirates initiative, which aims to expand local manufacturing and industrial self-sufficiency.
CIM Steel added that closer cooperation between the manufacturing and banking sectors is essential to promoting industrial growth, innovation and long-term economic development in the UAE.
CIM Steel Industry, together with Rhino Steel Industry LLC and Metal Care Center Factory LLC, operates an integrated steel manufacturing and processing complex in Umm Al Quwain Industrial City. The complex includes steel melting, cold rolling, coated steel and downstream processing facilities serving both domestic and export markets. Rhino Steel operates a continuous aluzinc coating line, while Metal Care Center runs a steel melt shop and rolling mill for long steel products.