KEZAD Group & Dana Steel sign deal to set up steel rolling complex in Abu Dhabi

KEZAD Group & Dana Steel sign deal to set up steel rolling complex in Abu Dhabi

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, in order to establish its first hot and cold rolling steel complex in the emirate.

Under the terms of the agreement, Dana Steel will invest to develop a 50,000 square meters facility in KEZAD. The new complex will facilitate backward integration of the company’s continuous galvanizing and continuous color coating lines and will have a 500,000 Metric Tons Rolling Capacity.

According to the statement, 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.

Mohamad Al Khadar Al Ahmed

CEO – KEZAD Group “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.