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GCC growth has spurred demand for steel products

Business Dubai 20 Jul 23
GCC growth has spurred demand for steel products
China’s C&D partners with Conares to facilitate distribution of Chinese steel in GCC.
Fee
Event Location
Dubai, Dubai
Area
Dubai
Start Time
20 July 2023, 12:00 AM
End Time
31 August 2023, 12:00 AM
Website

Conares, the second-largest private steel manufacturer in the UAE, has officially announced a partnership with C&D, a Fortune Global 500 company focused on supply chain operation services and real estate development based in the city of Xiamen, China.

The official signing of the partnership took place at Conares’ steel plant in the Jebel Ali Free Zone (JAFZA) in Dubai. Zheng Yongda, general manager of Xiamen C&D Corporation Limited & Deputy Party Secretary and Bharat Bhatia, Chairman and CEO of Conares, was also present, accompanied by other distinguished guests and senior executives from Conares.

This pioneering collaboration will empower the Chinese corporation to distribute high-quality steel from China in the GCC region, strengthening trade ties between them.

The GCC region has witnessed remarkable growth in recent years, driving the demand for steel products to new heights. The partnership with C&D enables Conares to expand its product portfolio and ensure a steady supply of high-quality Chinese steel to meet the region’s evolving needs.

Yongda said: “Our new partnership with Conares is invaluable to us and we look forward to working with them to expand the distribution of Chinese steel in the GCC region. This collaboration signifies a new chapter of cooperation between C&D and the UAE, and we are confident that our high-quality steel products will contribute to the development and growth of various industries in the region.”

The partnership will provide the GCC region with access to a wide range of top-grade Chinese steel products, meeting the growing requirements of various industries, including construction, infrastructure development, and manufacturing. This collaboration is expected to bolster trade between China and the GCC countries, facilitating a seamless exchange of goods and services.


Bhatia said C&D will be supporting Conares to promote Chinese goods, particularly Chinese hot roll coils, which will help its to expand our production capacity. “C&D will also support our trading business and will use our steel service centre with a capacity of half a million tonnes. We also aim to expand our production capacity, which will be financed by C&D. We, as Conares, have a vision to build green steel and through this MoU, we aim to align together with C&D and market both brands together and cater to this region.”

GCC demand steel products



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