A consortium of leading Emirati companies is embarking on a project to create a state-of-the-art metal zone in the United Arab Emirates. This innovative initiative is set to bolster the nation's industrial capabilities and propel it to the forefront of the global manufacturing landscape.
CIM Steel Industry LLC, Rhino Steel, Metal Care Center Factory LLC, and Aziz Steel, the consortium is poised to transform a vast expanse of 130,000 square meters into a specialized hub dedicated to the production of high-quality Aluzinc coils. This endeavor will incorporate cutting-edge recycling and reuse technologies, emphasizing sustainable practices in metal production.
Located within the dynamic Umm Al Quwain industrial city, the newly envisioned metal zone will harness the city's robust transportation network, strategically positioning the UAE for expanded domestic and international operations.
This project includes several pivotal components, each contributing to the UAE's burgeoning industrial landscape. CIM Steel Industry LLC is set to invest AED 250 million ($68.0 million) to establish a state-of-the-art cold rolling mill with a remarkable annual capacity of 500,000 metric tons. Rhino Steel, on the other hand, is pioneering the region's first fully automated continuous coating line with an annual production capacity of 250,000 metric tons, involving an investment of AED 110 million ($30.0 million).
Metal Care Center Factory LLC is contributing AED 81 million ($22.1 million) to create a steel melt shop and a downstream long rolling mill, with the capability to produce 200,000 metric tons annually. Additionally, Aziz Steel is investing AED 60 million ($16.3 million) to commission a cutting-edge steel forming line with an annual capacity of 120,000 metric tons, dedicated to the production of innovative aluminum products.