HFZA inks investment agreement with ArcelorMittal DSTC FZE

HFZA inks investment agreement with ArcelorMittal DSTC FZE

According to the agreement, the company shall provide complete, customized, and sustainable steel solutions and services via three specialized and project-related business lines: Foundation Solutions, Solar Projects, and Energy Projects (Anti-corrosion coating solutions), in addition to (Water Transmission Pipeline), Infrastructure (Sleeves, Construction).

The Hamriyah Free Zone Authority (HFZA) has added one more industry leader to its financial backers base after ArcelorMittal Projects, some portion of the ArcelorMittal Group, the world’s driving Steel and Mining organization, as of late obtained the resources of a Pipe and Coating Mill situated at Hamriyah Free Zone and rented 1.38 million square feet of Industrial land. The declaration was made during the marking of a reminder of comprehension (MoU) by HE Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, and Johannes De Schrijver, CEO of ArcelorMittal Projects.He began that attracting ArcelorMittal Projects is a turning point in HFZA’s directions towards realizing the requirements of the UAE’s industrial strategy.

Commenting on the agreement, Saud Salim Al Mazrouei said, “We are so proud to add another industry leader to our investors’ base at HFZA. The presence of ArcelorMittal Group, the world’s leading steel company, constitutes a great asset to the industrial sector in the Emirate of Sharjah.

“Such a move encourages other investors to launch new vital projects in the near future, especially now that the UAE is moving rapidly towards economic recovery,” Al Mazrouei added.

“We are pleased to forge a long-term partnership with HFZA, through which we seek to provide the most cost-effective solutions. Our products are backed with the technical expertise of highly qualified people with an average experience of more than 15 years in HSAW/SSAW Pipe Manufacturing and Anti-Corrosion Coating,” said Johannes De Schrijver.

De Schrijver added: “The HSAW/SSAW Pipes can be produced with a diameter ranging from 16″ up to 100” and wall thickness starting from 6 mm to 25 mm with a capacity of 150,000 tons per annum. Pipes can be produced with lengths up to 36 m without circumferential weld. Longer pipes can be achieved by welding. We can provide pipes in all requested Steel Grades due to our worldwide network of coil producers.

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