Abu Dhabi-based Emirates Steel Arkan has signed a Memorandum of Understanding (MoU) with Oman’s leading steel products manufacturer, Al Jazeera Steel Product Company (AJSP), in order to establish a strategic framework for collaboration, further benefitting from joint product expertise and seizing new opportunities in the steel business ecosystem.
Emirates Steel Arkan is one of the largest publicly traded steel and building materials manufacturers in the region.
According to the statement, 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.
“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 of Al Jazeera Steel Product, said that, “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,” Sheikha Amal further added.