SHARJAH, October 12, 2021 (WAM) – The Hamriyah Free Zone Authority (HFZA) has added another industry leader to its investor base with ArcelorMittal Projects, part of the ArcelorMittal Group, the leading steel company and mining in the world, which recently acquired the assets of a tube and coating plant located in the free zone of Hamriyah.
In addition to the acquisition, ArcelorMittal Projects leased 1.38 million square feet of industrial land.
This was announced during the signing of a Memorandum of Understanding (MoU) by Saud Salim Al Mazrouei, director of the Hamriyah Free Zone Authority, and Johannes De Schrijver, CEO of ArcelorMittal Projects, in the presence of senior officials from both parts.
According to the agreement, the company will provide comprehensive, customized and sustainable steel solutions and services through three specialist and project-related business lines: Foundation Solutions, Solar Projects and Energy Projects (anti-corrosion coating solutions), in addition of (Water transport pipeline), Infrastructure (Sleeves, Construction).
Commenting on the agreement, Al Mazrouei said: âThe presence of the ArcelorMittal group, a world leader in the steel industry, constitutes a major asset for the industrial sector of the Emirate of Sharjah. Such a move encourages other investors to launch new vital projects in the near future. the future, especially now that the UAE is rapidly heading towards economic recovery. “
Al Mazrouei pointed out that Sharjah has consolidated its position as a preferred regional destination for investment and economy, thanks to its highly competitive advantages and the wise guidance of His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, member of the Supreme Council and ruler of Sharjah.
Al Mazrouei concluded by stating: âThis agreement clearly shows investor confidence in HFZA as a major base and preferred destination for heavy and medium industries, thanks to the distinguished services provided and the commitment to quality and quality standards. security.
“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 by the technical expertise of highly qualified individuals with an average experience of over 15 years in HSAW / SSAW Pipe fabrication and corrosion resistant coating, âsaid De Schrijver.
He added, âHSAW / SSAW pipes can be produced with diameter ranging from 16″ to 100 “and wall thickness ranging from 6mm to 25mm with capacity of 150,000 tons per year. Pipes can be produced in lengths up to 36m without circumferential welds. Longer pipes can be obtained by welding. We can supply pipes in any steel grade required through our global network of coil producers.
Along with production, ArcelorMittal Projects Middle East also offers corrosion-resistant coating of external and internal surfaces of pipes in accordance with international technical specifications and standards, with a capacity of 1.5 million square meters per year. The coating installation is an additional benefit that enables Projects Middle East to offer value-added services in the utilities and energy sector.
The Middle East Spiral Welded Pipe market is expected to generate significant revenue growing at a remarkable rate. The growth of the market can be attributed to the growing development of infrastructure in the region and the growing number of desalination plants to treat water, making pipelines an essential mode of transporting water from said plants to areas where the potable water is needed.
Apart from this, pipelines are widely adopted as the key mode of transportation for petroleum, fossil fuels and several refined products in many countries, which in turn is expected to increase the demand for spiral welded pipes in the coming years. .