Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report.
Dubai Investments has announced that its integrated manufacturing platform - spanning glass, steel, aluminium and a range of building materials and industrial manufacturing solutions, continues to operate with full operational continuity, supporting construction and infrastructure activity across the region.
The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk.
Foulath Holding, an industrial holding company with major steel investments and the parent company of Bahrain Steel and SULB, has announced a force majeure situation affecting certain group operations as a result of the ongoing regional conflict in the Middle East.
Emsteel Group, one of the region’s largest publicly traded steel and building materials manufacturers, has signed a strategic deal with Metal Park, the world’s first fully integrated, pay-as-you-go metals ecosystem, in a move aimed at boosting productivity and competitiveness for fabricators across UAE and wider region.
ArcelorMittal Projects, part of the world-leading steel and mining group ArcelorMittal, has announced plans to establish its third plant at the Hamriyah Free Zone in Sharjah, spanning over a 1.4 million sq ft area. The operations are set to begin at the facility later this year.
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, delivered strong financial results in 2025 with its net profit reaching AED481 million ($131 million), up 23% compared to the same period last year.
Emsteel Group is partnering with Emirates Nuclear Energy Company (ENEC) to decarbonise steel production by using nuclear-generated electricity certified under Abu Dhabi’s I-REC programme, supporting its TrueGreen sustainability strategy and reducing its carbon footprint through decades of integrated decarbonisation initiatives.
Amid an unprecedented industrial transformation, steel remains the foundation of MENA’s next growth chapter. With over $3 trillion in active and planned projects and annual regional steel consumption forecast to surpass 65 million tonnes by 2027, the region is cementing its position as a driving force in the global industrial landscape.
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, today reported revenues of AED6.5 billion ($1.77 billion) for the first nine months of 2025, marking a 10% increase compared to the same period last year.
