Conares opens AED 150mln colour-coated steel plant in JAFZA

Conares opens AED 150mln colour-coated steel plant in JAFZA

DUBAI – Conares, the second largest private steel manufacturer in the UAE, today announced the official inauguration of its colour-coated steel plant in Jebel Ali Free Zone (JAFZA), Dubai. The state-of-the-art facility, developed at an investment of AED 150 million within the Conares premises in JAFZA South, which spans over an area of 100,000 square meters.

The plant has been inaugurated by H.E. Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism, in the presence of Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Abdulla Bin Damithan, CEO and Managing Director of DP World UAE and JAFZA, Bharat Bhatia, Chairman and CEO of Conares, as well as other dignitaries and senior executives of Conares.

Conares is the only private steel manufacturer in the UAE with four distinct product verticals. Exporting products to 26 countries across six continents, the company’s assets are currently estimated to be valued at AED 2.5 billion.

Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World said: The construction sector has contributed significantly to the UAE’s development and progress – from world-class infrastructure to the iconic buildings we house. Conares is one of the entities driving the success of this industry. This