Emirates Steel plans to complete the Phase 3 of its expansion project as soon as possible in line with the Abu Dhabi’s visionary “2030 Plan” that promises strengthening the industrial sector of the country. The plans also aimed to diversify the emirate’s resources and contribute to the nation’s income apart from offering a range of employment opportunities to a large number of youths.
Engineer Suhail Mubarak Musallam Athaeeth Al Ameri, Chairman of Emirates Steel, added that the phase 3 would have comprise a steel melting plant, a hot rolled coil (HRC) mill and ancillaries for meeting the needs of the country.
The firm already spent approximately AED 9 billion in last five years on the two-phase expansion by introducing new rolling mills, steel manufacturing and direct reduction plants. It led to firm’s output capacity to increase from
650,000 metric tons per annum (MTPA) to approximately 3 million MTPA at present.
The firm is likely to award the contracts for Phase 3 by December 2011. World’s renowned bidder approached the firm for the project. The Phase 3 is expected to complete within 30 months from contract award.
