Steel and construction industries to continue powering regional development: Constructsteel Conference

Undersecretary in the Ministry of Energy and Industry UAE, highlighted the contribution of the steel and construction industries to long-term economic growth and diversification

  
Steel and construction industries to continue powering regional development: Constructsteel Conference
  • Saeed Ghumran Al Remeithi, CEO of Emirates Steel, discussed the important role played by the steel industry in decarbonization and technological innovation
  • Sponsored by Emirates Steel and organized by the World Steel Association, the conference brought together 100 international companies and organizations in Dubai on 18 June 2019

Abu Dhabi, UAE: Sponsored by Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), and organized by the World Steel Association (worldsteel), the constructsteel conference 2019 has taken place today in Dubai, the first time the conference has been held in the Middle East.

Experts attending the conference included: His Excellency Dr. Matar Hamed Al Neyadi, the Undersecretary in the Ministry of Energy and Industry UAE; Eng. Saeed Ghumran Al Remeithi, Chief Executive Officer of Emirates Steel; Dr. Edwin Basson, Director General of the World Steel Association (worldsteel); and representatives from more than 100 companies and organizations.

Held under the theme of ‘The Future of Steel Construction 2030’, conference attendees discussed the future of market segments, disruptors in the construction industry, as well as the steel and construction industries’ continued potential to power sustainable development, long-term economic diversification and innovation in smart technology.

Addressing the conference, H.E. Dr. Matar Hamed Al Neyadi, Undersecretary in the Ministry of Energy and Industry UAE, said: “The steel and construction industries in the UAE have matured since their foundation decades ago, as is evident by the incredible projects and mega-structures completed across the nation. This maturation presents a host of new opportunities for both sectors. These include increasing international exports, enhancing sustainable manufacturing and construction, and developing innovative smart technologies that will positively impact the steel and construction sectors.”

“Looking ahead to 2030 and beyond, regional investments in hospitality, healthcare, education and infrastructure are likely to continue on an ever-growing scale. Steel and construction industries are well positioned to take advantage of this opportunity to continue contributing to the region’s long-term economic prosperity and diversification. By investing in sustainable practices and innovative smart technology, the steel and construction industries will be able to maintain their historic momentum by offering unique products, services and solutions that will enable sustainable construction and the development of smart cities,” added H.E. Dr. Al Neyadi.

Speaking during his keynote speech, Eng. Saeed Ghumran Al Remeithi, CEO of Emirates Steel said: “Strong global population growth, increasing urbanization and the continued development of megacities will continue to support the future growth of the steel and construction industries, despite pockets of declining demand currently being witnessed within certain markets.”

“Looking to the future and the ongoing global decarbonization effort, the steel and construction industries will play a critical role in enabling the emissions reductions outlined in the Paris Agreement. As an industry, we have a great opportunity to work hand-in-hand with governments and international organizations to share best practices, enhance sustainability and develop cutting-edge smart technologies that will, for example, facilitate the construction of Zero Energy Buildings. This will allow the steel and construction industries to remain at the forefront of global economic growth for decades to come,” added Eng. Al Remeithi.

The conference was also addressed by Dr. Edwin Basson, Director General of the World Steel Association (worldsteel), who discussed the current state and future of the steel industry, as well as worldsteel’s role in facilitating advancements in sustainability and innovation through a wide range of initiatives.

Emirates Steel is the main sponsor of the constructsteel conference 2019, and its participation in, and sponsorship of the event is the result of its dedication to developing the entire sector, with a particular emphasis on the future of the Middle Eastern steel industry. Emirates Steel’s involvement also comes within the context of Eng. Saeed Ghumran Al Remeithi’s Chairmanship of the worldsteel Economics Committee.

The constructsteel conference, organized by the worldsteel organization, is an annual event, designed to allow global steel construction professionals to meet, network and discuss the future of the industry. It has previously taken place in London and Dusseldorf.

-Ends-

About Emirates Steel
Emirates Steel is owned by SENAAT, the UAE’s largest industrial conglomerate and a driving force for implementing the Abu Dhabi government’s industrial diversification policy. Strategically located in the Industrial City of Abu Dhabi, some 35 kilometers away from the heart of the city of Abu Dhabi, Emirates Steel is the only integrated steel plant in the UAE, utilizing the latest rolling mill technology to produce rebar, wire rod and heavy sections.

Established in 1998, Emirates Steel grew in a relatively short period of time from a simple re-roller of imported steel billets to a complex integrated manufacturing plant, using modern solutions to tackle traditional industrial problems to generate value for its various stakeholders. In 2012, the Company began producing at a capacity of 3.5 million MTPA, following two expansions and the investment of around AED 11 billion (US$ 3 billion).

Emirates Steel’s underlying business goal is to be an efficient and competitive producer of finished steel products. To achieve this, the Company continually and significantly invests in expansions in the areas of processing, manufacturing and information technology. In addition, these investments help to improve product and service quality, reduce the Company’s environmental footprint and increase safety for workers and customers.

About the World Steel Association
The World Steel Association (worldsteel) is a non-profit organization based in Belgium with more than 170 members representing 85% of the world's steel production.

Media contact:
Rahul Rutanen-Whaley
Account director
Four MENA
+971 55 194 3367
EmiratesSteel@fourcommunications.com 

© Press Release 2019

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