Emirates Steel Arkan and Al Jazeera Steel Product Co sign MoU to utilize joint expertise and opportunities

Emirates Steel Arkan and Al Jazeera Steel Product Co sign MoU to utilize joint expertise and opportunities

Abu Dhabi:– Emirates Steel Arkan (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, 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. Eng. Saeed Ghumran Al Remeithi, Group CEO , Emirates Steel Arkan, said, “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