PRESSR: Emirates Steel Arkan Group highlights sustainable manufacturing efforts

As part of its hosting of the Middle East Iron and Steel Conference 2023

Abu Dhabi, United Arab Emirates: Emirates Arkan Steel Group (listed on the Abu Dhabi Stock Exchange with symbol: EMSTEEL), one of the largest companies operating in the iron and building materials production sector in the region, is hosting the twenty-sixth session of the Middle East Iron and Steel Conference, which will be held in November 20-22, 2023 at Atlantis Dubai, Palm Jumeirah. During this event, the group will showcase its pioneering efforts in the field of sustainable manufacturing, which supports the UAE’s climate neutrality strategy.

This pioneering event brings together more than 1,000 senior decision-makers to discuss the various challenges facing the sector and ensure the continuity and flexibility of its business, in addition to exploring related innovative solutions.

In this context, Engineer Saeed Al Ghaferi, CEO of Emirates Steel, one of the companies affiliated with the Emirates Steel Arkan Group, participated in a discussion session entitled “A New Era for the Steel Industry” that included various aspects of the sector in the region, including the latest projects and engines. Regional demand, challenges and opportunities associated with the energy sector transition, and the impact of the global geopolitical environment on the industry.

Al-Ghafri stressed that despite the slowdown in demand for iron in recent years, which is expected to decline by 9% in 2023 due to several factors including high interest rates and a decrease in demand for housing services, expectations for the next five years predict a recovery supported by strong economic development and growth. Population and mega projects throughout the region.

On the other hand, Al-Ghafri stressed the impact of the global geopolitical landscape on the steel business, and how governments and policy makers implement various decisions to protect local industries and ensure their sustainability, stressing that no modern industrial economy can establish its presence and flourish without the presence of a strong, flexible and thriving industry for this sector.

At the conclusion of his session, Al-Ghaferi affirmed the group’s commitment to leading decarbonization efforts from the sector on an unprecedented scale to achieve global carbon neutrality goals by implementing a thoughtful sustainability strategy aimed at harnessing carbon capture technologies and other innovative technologies at the industrial level. Al-Ghafri also stressed the importance of close cooperation between stakeholders in the public and private sectors to achieve the ambitious goals of transforming the energy sector and building a more sustainable and resilient circular economy.

Many executives from Emirates Steel Arkan participated in a series of discussion sessions that highlighted the opportunities available in the field of decarbonizing the sector globally, human capital management, the role of women in the steel industry, as well as the latest technological innovations in the sector. And the Middle East region alike.

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About Emirates Steel Group Arkan:

Emirates Arkan Steel Group is a public joint stock company listed on the Abu Dhabi Stock Exchange under the symbol: (EMSTEEL) and the largest company manufacturing iron, building and construction materials in the United Arab Emirates. The group relies on advanced technologies to supply local markets and more than 70 markets around the world with high-quality products, to provide its customers with a full range of products from the two iron and building materials manufacturing units in the country.

The group plays a pivotal role in achieving the goals of the National Strategy for Advanced Industry and Technology, “Project 300 Billion,” by providing pioneering products to support local industries, creating job opportunities for Emirati citizens, and promoting its sustainable practices. It is also one of the world's leading companies in the manufacture of low-carbon iron and steel, and is distinguished by applying the highest international safety standards in the work environment. The iron products and building materials manufactured by the group were used in the completion of the most prominent construction projects in the UAE, including Burj Khalifa, Emirates Palace, Etihad Towers, Yas Island, and others.

ADQ owns a majority stake in Emirates Arkan Steel. ADQ is considered one of the largest holding companies in the region and owns a wide portfolio of major companies operating in key units within the diverse economy of the Emirate of Abu Dhabi.

For more information, please visit our website: www.emiratessteelarkan.com

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