Emirates Steel Arkan, Al Jazeera Steel Product ink MoU to utilise joint expertise and opportunities

Emirates Steel Arkan, Al Jazeera Steel Product ink MoU to utilise joint expertise and opportunities

ABU DHABI, 13th July, 2023 (WAM) -- Emirates Steel Arkan has signed a Memorandum of Understanding (MoU) with the Sultanate of Oman’s leading steel products manufacturer Al Jazeera Steel Product Company (AJSP) to establish a strategic framework for collaboration, further benefitting from joint product expertise and seizing new opportunities in the steel business ecosystem.

This MoU comes at a time when AJSP is establishing a medium-section rolling mill in Khalifa Economic Zones Abu Dhabi (KEZAD) along with plans to introduce a tube mill and heat-treated alloy round bars.

As part of the MoU, Emirates Steel Arkan has 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-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, synergise our collective knowledge and expertise, capture new business opportunities and bid for upcoming projects. By harnessing the strength of our shared vision for decarbonising 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, 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.”