Dana to set up 50,000 square metre steel complex at Kezad

Dana to set up 50,000 square metre steel complex at Kezad

Local News, News















Abu Dhabi / WAM

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.

Mohamed Al Khadar Al Ahmed, Chief Executive Officer, Kezad Group, said,