• Assent Steel Industries signed musataha agreement with Dubai Industrial City, part of TECOM Group, to expand structural steel fabrication operations.
• Plan calls for AED 120 million investment over next three years, lifting total investment at Dubai Industrial City to AED 406 million.
• Expansion adds about 2.2 million sq. ft. of industrial space, taking total footprint to about 5.1 million sq. ft.
• Production capacity targeted to rise 30% to about 130,000 tonnes per year from about 100,000 tonnes per year.
• Facility expected to be operational by Q2 2028, with phased ramp-up tied to project demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TECOM Group published the original content used to generate this news brief on May 11, 2026, and is solely responsible for the information contained therein.