One of ADBIC’s core mandates, in line with Abu Dhabi Vision 2030, is to transform the existing metals industry into a world-class cluster that will attract state-of-the-art technologies and know-how related to both the ferrous and non-ferrous metal businesses.

ADBIC is in the process of establishing an attractive investment framework in terms of land, infrastructure, utilities, shared services and raw materials, to provide an optimum basis for the development of green field projects. We are also currently promoting cornerstone investments that will pave the way for the private sector to develop a vibrant and sustainable metal downstream industry targeting several sectors, such as construction and civil, aerospace, automotive, consumer goods and industrial applications.

At ADBIC, we aim to establish a metal cluster of leading regional and international investors in the aluminum, copper and steel sectors. The cluster will provide a competitive platform of infrastructure, utilities and shared services, attractive legal and taxation framework and a pool of competitively-priced raw materials. Strategically located in the Khalifa Port and Industrial Zone in Taweelah, the cluster will provide a convenient pathway to prime regional and international export markets, with close proximity to Abu Dhabi International Airport and the future UAE railway network. Moreover, ADBIC will also act as a co-investor in selected strategic projects, such as rolling mills, extrusion facilities, casting and forging plants, the output of which shall further promote the development of the metals industry in the Emirate.

Emirates Steel

A subsidiary of ADBIC, Emirates Steel was established in 2001 to meet the local and regional market demand for steel products. Emirates Steel is strategically located in the Industrial City of Abu Dhabi (ICAD), just 35 kilometers away from the heart of the city. Covering an area of 1.5 million square meters, it is the only integrated steel plant in the UAE, utilizing the latest electric arc furnace, direct reduction and rolling mill technology to produce reinforcing bars and wire rod.

Emirates Steel currently has an output capacity of 2 million tons, with capacity expected to reach 3 million tons by 2012. A tribute to ADBIC’s business-building expertise and competencies, the company’s $US 4 billion expansion plans will increase output to 5 million tons over the next five years. The many strategic alliances that Emirates Steel is structuring with leading technology providers, coupled with its state-of-the-art facilities, will allow it to maintain its position at the forefront of the industrial sector.

For further information, please go to www.esi-steel.com.