UAE-based Dayal Building Material Trader (DBMT) will start its operations from Hamriyah Free Zone in Sharjah from March.

Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF Zone) and Dinesh Moorjani,  managing director of DBMT  signed a lease agreement today (February 2) in this regard.

 “We have leased 55,000 sq m of land in the Phase 2 area. We will start logistics and storage facilities operations by March this year and will open its   steel fabrication facility by 2017. We have plans to invest Dh20 million ($5.4 million) to 25 million for this project,” Moorjani said.

With a strong presence in the GCC, DBMT, the UAE's leading structural steel distributor, covers all of the key steel markets like Oman, Kuwait, Bahrain, Qatar, the US and Europe.

“We welcome DBMT to our fraternity. Our goal is to create a robust business environment by meeting the needs and demands of our investors,” said  Al Mazrouei.

“In steel industry, HFZA  is one of the market leaders in the Middle East.  The regional industry consists of fabrication yards and engineering workshops and thus, the steel industry is very important to Hamriyah Free Zone. We have been developing this sector for over a decade and today a number of well-established steel firms are operating within our zone,” Al Mazrouei explained.

Moorjani added: “We supply steel mainly to the oil & gas sector as well as EPC contractors, steel fabricators and contracting companies. This new facility will provide easy access to all the emirates as well as the international markets due to the strategic position of Hamriyah Free Zone in the UAE.” – TradeArabia News Service