New 50,000 sqm facility will help Dana Steel replace imported raw materials with ‘Made in UAE’ supply
Abu Dhabi, UAE: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi.
Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square metres facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanising and continuous colour coating lines and will have 500,000 Metric Tonnes Rolling Capacity. This approach will help boost Dana Steel’s manufacturing capacity in the GCC by replacing imported raw materials, such as cold rolled full hard coils, with a new ‘Made in UAE’ supply.
By providing a base for Dana Steel first facility in Abu Dhabi, KEZAD Group is extending its support for the Abu Dhabi Industrial Strategy, which looks to more than double the size of the emirate’s manufacturing sector to AED172 billion by 2031 through a series of transformational programmes.
Established in 2017, and catering to consumer markets across more than 50 countries throughout the Middle East, Africa, Europe, and the Americas, Dana Steel is one of the region’s largest and most modern manufacturers of Hot Dip Galvanized (HDG), Aluzinc (AZ), Prepainted Galvanized (PPGI), Prepainted Aluzink (PPAZ) and Prepainted Aluminum (PPAL) steel coils and sheets.
Mohamed Al Khadar Al Ahmed, Chief Executive Officer, Khalifa Economic Zones Abu Dhabi – KEZAD Group, said: “Owing to the modern infrastructure and efficient transportation network offered by KEZAD and Khalifa Port, investors such as Dana Steel are selecting our industrial ecosystem as a base from which to grow their operations in the UAE and globally. By enabling vertical integration of their manufacturing supply chain, we look forward to supporting Dana Steel on its journey to serve customers and expand its international reach.”
Dr. Ankur Dana, CEO of Dana Steel Industry, said: “With worldwide demand for quality steel products set to grow, we are quite excited to start this milestone project in KEZAD, which builds upon our efforts to enhance value for our customers across continents. This project will be our 9th Industrial Facility within the UAE, several unique factors led us to choose KEZAD for this venture including the world-class infrastructure on offer, in addition to seamless connectivity to global markets and easy access to natural gas at competitive rates.”
The agreement with KEZAD Group will mark Dana Steel’s first venture in Abu Dhabi while ushering in the first Hot Rolled Pickled Oiled (HRPO) and Cold Rolled (CR) steel facility in KEZAD. In addition to hosting facilities for building metal products manufacturing in KEZAD Group’s Metals Hub, the plant will also have capabilities to recover and recycle waste acid, enabling the company to pursue a circular economy approach. In phase 2 of the expansion, Dana Steel will install a Continuous Galvanizing Line (CGL) and Colour Coating Line (CGL) in the same KEZAD complex.
About KEZAD Group
KEZAD Group, a subsidiary of AD Ports Group under its Economic Cities & Free Zones Cluster, is the largest operator of integrated and purpose-built economic zones in the United Arab Emirates. Providing competitive business ecosystems that encourage unprecedented growth, KEZAD Group is a key strategic enabler of Abu Dhabi’s vision for the diversification of its economy.
KEZAD Group’s vital infrastructure and services span 12 economic zones (located in Abu Dhabi City, Al Ain City and Al Dhafra Region) covering a total area of 550km2 and including more than 40 staff accommodation complexes under its subsidiary KEZAD Communities.
KEZAD Group provides strategic market access, lower operating costs, and ease of doing business to more than 1,750 investors from 17 key industrial sectors. KEZAD Group’s ecosystem provides world-class transportation infrastructure with multimodal connectivity, 100 percent foreign ownership, 100 percent repatriation of capital and profit, the potential for duty-free trade within the region, and advanced technology platforms.
About Dana Steel Industry LLC
Dana Steel Industry LLC, is part of Well-known Industrial Conglomerate DANA GROUP (www.danagroups.com). Established in 1991, Dana Group has been headquartered in Dubai UAE, and has expanded across Africa, UAE and Asia. The Group has diversified interests in Steel, Oil, Retail, Healthcare and Hospitality. DANA STEEL is Dana Group’s hallmark division and is one of the largest and most modern manufacturer of Hot Dip Galvanized (GI), Aluzinc (AZ), Prepainted Galvanized(PPGI), Prepainted Aluzink (PPAZ) & Prepainted Aluminum (PPAL) Coils in the Region.