EMSTEEL Group's Contributions to Abu Dhabi's Economy and Sustainable Construction
Key Ideas
- EMSTEEL Group has contributed AED6.2 billion to Abu Dhabi's GDP, holding a significant share of the UAE's industrial output and 60% of the steel market in the country.
- The group allocated over AED3.5 billion to local procurement in 2024, collaborating with 1,365 local suppliers and supporting the National In-Country Value Program.
- The steel market in the UAE saw over 20% growth last year, expected to continue at a rate of over 10%, driven by major projects in the energy and infrastructure sectors.
- In a sustainable construction initiative, EMSTEEL will supply hydrogen-based steel rebar for Abu Dhabi's first net zero carbon mosque, aiming to reduce carbon emissions and champion innovation in the sector.
Engineer Saeed Ghumran Al Remeithi, the Group CEO of EMSTEEL, highlighted the significant economic contributions of the group to Abu Dhabi, including a substantial share in the UAE's industrial output and dominance in the country's steel market. EMSTEEL's commitment to local procurement, with over AED3.5 billion allocated in 2024, underlines its support for the National In-Country Value Program. The steel market in the UAE has shown remarkable growth, expected to continue, fueled by energy and infrastructure projects. Noteworthy is EMSTEEL's partnership with Aldar to supply hydrogen-based steel for Abu Dhabi's first net zero carbon mosque, promoting sustainable construction and innovation in the industry. Al Remeithi emphasized the group's role in advancing the UAE as an industrial powerhouse through aligning with national initiatives and global outreach, focusing on innovation, sustainability, and manufacturing excellence.
Topics
Middle East
Innovation
Sustainability
Economy
Industrial Development
Manufacturing Sector
National Initiatives
Steel Market
Local Procurement
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