Emirates Steel Arkan seeks to invest in Egypt’s nuclear projects

Emirates Steel Arkan seeks to invest in Egypt’s nuclear projects

Abu Dhabi – Group CEO of Emirates Steel Arkan, Saeed Ghumran Al Remeithi, said his company is interested to invest in Egypt over the coming period, stressing that the Egyptian market is considered one of the group’s key markets in Africa.

In an interview with Mubasher, Al Remeithi revealed that the group aims to export new products to Egypt, including heavy sections and sheet piles.

The Abu Dhabi-based integrated steel manufacturer has a strong customer and distributor base in Egypt and is interested to supply rebar to nuclear projects that will be established in Egypt.

Last year, Egypt began the construction of El-Dabaa peaceful nuclear power plant (NPP) to generate electricity in line with its keenness to diversify the energy mix and achieve sustainability.

The total capacity of El-Dabaa NPP is about 4,800 megawatts (MW), and it includes four reactors with a capacity of 1,200 MW each.

According to Egypt's Integrated Sustainable Energy Strategy (ISES), renewable energy capacity should contribute 42% of total power capacity by 2035. In the meantime, production capacity from thermal power stations should account for 55% and nuclear energy should contribute 3% to total electricity production.

The CEO further noted that the steel group supplied mega projects such as the UAE’s Barakah