Dubai builds a steel factory at a cost of $ 13.62 million
United Arab Emirates, Economics, 2/14/2005

An international company specialized in steel manufacturing said it will establish a steel factory in the "technology complex" in Dubai at a cost of 50 million Dirham estimated at $ 13.62 million.

In a press statement, the director of the project of the "Kuwait Steel Structures" Hans Jorkey said that the factory which will be built on an area of 45,000 square meters will ensure quick services to manufacture steel for the sector of construction and oil and gas sectors at the local and international levels.

He added that the establishment of the factory came to cover the growing demands for steel manufacturing which came as a result of the pace of unprecedented development in the region which resulted in the appearance of the need to ensure complex and advanced solutions in the area of steel processing. He indicated that this factory is considered the second of its kind in the United Arab Emirates.

Worthy mentioning that the "technology complex" which is built in Dubai on an area of 3000 Fiddan is designed to contain companies and research centers working in the field of desalinization stations and the development of research connected to oil, gas and environment services.

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