Khalifa Economic Zones Abu Dhabi (KEZAD) Group and UAE-based Green Metal Industries announced the signing of an agreement for the establishment of a new special steel recycling and production facility in KEZAD.
The new facility is to be developed with an investment of AED367 million ($100 million).
The plant will use cutting-edge recycling technologies like meltshop, refining (AOD/VOD/VD), multi-product continuous casting facilities, and a rolling mill, for converting metal scrap into high-quality products for diverse industrial applications.
Spanning over 116,000 square meters in the KEZAD Industrial Area (KEZAD Al Ma’mourah), the facility will primarily source raw materials locally and process them in Abu Dhabi.
Mohamed Al Khader Al Ahmed, CEO of KEZAD Group, said the manufacturing of high-quality materials such as Austenitic, Ferritic, Duplex, Martensitic grades of stainless steel, as well as low and high alloy steel grades, locally in Abu Dhabi will support the growing demand for sustainable steel products in the country and the wider region.
Mohammed M Noor, CEO of Green Metal Industries, said the plant is expected to start commercial production in Q1, 2025.
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