Emirates Steel Arkan, a leading publicly traded manufacturer of steel and building materials in the region, and Al Jazeera Steel Product Company, a major steel producer in Oman, have signed a Memorandum of Understanding (MoU) to establish a strategic framework for collaboration. This partnership aims to leverage joint product expertise, capitalize on new opportunities in the steel business ecosystem, and enhance mutual benefits.
The timing of this MoU coincides with Al Jazeera Steel Product Company’s plans to set up a medium-section rolling mill in Khalifa Economic Zones Abu Dhabi (KEZAD) and introduce a tube mill and heat-treated alloy round bars.
As part of the agreement, Emirates Steel Arkan has the opportunity to supply semis, including billets, blooms, and beam blanks, to Al Jazeera’s upcoming factory in Abu Dhabi or their existing facility in Sohar, Oman.
The two companies will also explore collaborative options for promoting and marketing finished products, focusing on light and medium sections from Al Jazeera and heavy sections from Emirates Steel Arkan.
Eng. Saeed Ghumran Al Remeithi, Group CEO, Emirates Steel Arkan, said, “We are proud to collaborate with a trusted industry leader like Al Jazeera Steel, renowned for its unwavering commitment to manufacturing top-tier steel products. 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 towards unparalleled growth and success in the dynamic steel business ecosystem.”
Sheikha Amal Bahwan, Chairperson, Al Jazeera Steel Product Co, said, “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.”
