Al Jazeera Steel has announced a massive investment of 250 million dirhams in the region. The agreement was formalized during a signing ceremony held at the Kezad Economic Summit, attended by key government officials and business leaders.
Al Jazeera Steel has signed a contract with Pomini Long Rolling Mills, a leading technology supplier, to construct an advanced medium section rolling mill with a production capacity of 450,000 tonnes. The purpose of this investment is to meet the growing demand for Al Jazeera Steel's products in the regional markets. The company foresees a significant increase in demand for steel products, especially those used in railways, as the railway network project in Gulf Cooperation Council (GCC) countries commences. The project aims to connect the UAE, the Sultanate of Oman, the Kingdom of Saudi Arabia, Kuwait, Bahrain, and Qatar.