The company is hoping to take advantage of demand generated by the booming construction industry. It will import rebars and other structural steel products, and alter them to meet the requirements of domestic users.
“We will add value to the product for local clients,” says a senior executive at Danube’s steel division. “We are developing a service centre concept. We will cut-to-size, bend and coil products.”
Danube will build facilities to carry out the work at the Jebel Ali Free Zone. These will include cut and bend facilities and decoilers.
The company plans to approach steel product suppliers in Turkey, China and Ukraine for the division.
“Initially we are still testing the market,” says Venkatesan. “The outlook is very buoyant for the next three to four years.”
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.