Al Shafar Steel Engineering to Double Facilities at Dubai Industrial Park
Al Shafar Steel Engineering LLC (ASSENT), a leading company in the area of structural steel design and manufacturing and a member of the UAE-based Al Shafar Group of Firms, has introduced the development of its facilities located at Dubai Industrial Park. The development, which will certainly lead to among the biggest steel production business in the region, is tailored to expand the companys functional impact in the UAE and the larger GCC region.
Based on the growth land lease area strategy, ASSENT will certainly include four brand-new facilities topped added 1,200,000 square feet of land, which will certainly lead into getting to an overall leasable area of 2.4 million square feet. Construction is set up to begin in Q2 2017, and the new facility is estimated to begin procedures by end-2018.
ASSENT will certainly spend AED100 million on the construction of facilities and AED75 million on setting up new machinery. With 2,300 employees projected to work on-site, the state-of- the-art manufacturing facility will certainly make and fabricate ready-to- use products for delivery to local clients, with incorporated facilities for warehousing, storage space and offices.
Once the new centers are appointed towards end-2018, they will certainly make it possible for ASSENT to raise its annual production value by around AED300 million in the first 2 years, with an annual development of 15% to 20% in succeeding years. This growth will certainly add to ASSENTs existing yearly production levels that separate AED800 million and AED1 billion.
Speaking on the growth, Amr Ali Ahmed, Manager Partner & Chief Executive Officer of ASSENT, stated: " Reinforcing our solutions to our customers and satisfying the increasing regional demand for steel are the key reasons for our decision to increase our centers at Dubai Industrial Park. With the UAE's steel manufacturing industry anticipated to expand to a durable 20% by 2021, a larger manufacturing facility shall place us in a remarkable position to contribute in the direction of this development. It will likewise help us achieve our lasting vision of increasing our impact within the UAE and the GCC region.".
He added: "Our decision to locate our center in Dubai Industrial Park was affected by the unique partnership we take pleasure in with the commercial hub. This treasured partnership is the foundation of our dedication to effectively serve our customers, and to contribute in the direction of increasing industrial development in the UAE. By improving top quality, solution and efficiency, we intend to earn the UAE the clear leader of commercial products in the region.".
For his part, Saud Abu Al-Shawareb, Chief Operating Officer of Dubai Industrial Park, said: "We delight in to witness the critical development of ASSENT. The new centers will advertise commercial growth and sustainability for the benefit of the community. In the last few years, the UAE has become an extremely encouraging destination for local steel production, and the industry is an active contributor to the countrys non-oil GDP. ASSENTs growth additionally demonstrates Dubai.
Industrial Parks commitment to provide first-rate infrastructure that fuels client development and supports their strategic ambitions.".
