In line with the ongoing construction boom in the GCC and the increasing demand for steel, Danube Materials FZCO is to invest AED 40 million into the steel industry in the Kingdom of Bahrain.
While at present the Kingdom of Bahrain’s steel industry is primarily catered for by KSA-based mills as well as by QASCO-QATAR, Danube’s investments into the Bahraini steel industry will see the country able to serve its own steel construction needs, as well as providing other parts of the region with steel too.
“As we intend for our Bahrain steel manufacturing facility to be the premier source of steel and steel products in the kingdom, we are also investing considerably in product development and marketing plans, which will make our products more efficient as well as reachable to both regional and global clients,” said Rizwan Sajan, the chairman of Danube Building Materials.
In addition to Danube’s expansion into Bahrain, the company is to inject AED 50 million into a new steel facility in Oman as well as AED 200 million in the steel industry in the UAE for 2008.
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