KEZAD Group (Khalifa Economic Zones Abu Dhabi), well-known as the UAE’s top promoter and operator of industrial real estate solutions, staff accommodation, business services and economic zones has signed a preliminary business agreement with Dana Steel, the flagship manufacturing arm of Dana Group.
The agreement is in support of KEZAD Group’s Abu Dhabi Industrial Strategy which plans to expand the manufacturing sector by 2031 to AED172 billion through various transformational policies and programmes.
The recent project of Dana Steel is to construct a 50,000 square metre hot and rolling steel complex in KEZAD. This new facility is meant to substitute imported raw materials (mainly, cold rolled complete hard coils) with “Made in UAE” steel coils.
The Chief Executive Officer of KEZAD Group, Mohamed Al Khadar Al Ahmed said, “Investors like Dana Steel are choosing our industrial ecosystem as a base from which to grow their operations in the UAE and around the world” because of the cutting-edge infrastructure and effective transportation network provided by KEZAD and Khalifa Port.”
Dana Steel Industry’s CEO, Ankur Dana said, “We are pretty delighted to start this landmark project in KEZAD, which builds upon our efforts to add value for our clients across continents.”
The unit will have manufacturing/ metal product building facilities and also have equipment to recover & recycle waste acid.
For the Dana Group, this venture will serve as the first manufacturing facility in Abu Dhabi, where as in UAE, it will be the ninth industrial project.
For more information regarding KEZAD Group please read the articles on: Emerging World FZC signs agreement with KEZAD Group
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