Saeed Ghumran Al Remeithi

Emirates Steel Arkan, the UAE’s largest publicly-traded steel and building materials company, plans to expanding into new markets in Asia and Africa, a move which will help enhance the group’s international competitiveness, said its top official.

Emirates Steel Arkan aims to explore new markets and boost its production and efficiency. We have been able to increase the number of export markets to 60 by the end of the first half compared to 56 at the start of the year,” stated its Group CEO Saeed Ghumran Al Remeithi in an interview to the Emirates News Agency (Wam).

Al Remeithi pointed out that the group’s strategy for diversifying its revenue sources includes increasing exports via various marketing channels, in addition to boosting the competitiveness of national products, supporting the unified industrial identity, titled, “Make it in the Emirates”, to encourage production and support national products.

The export markets currently account for 45 per cent of the group’s sales, he added.

According to him, Emirates Steel Arkan has maintained a market share of 60 per cent and aims to increase this figure by adding new and sustainable products, he added.

We expect the group to continue its strong financial performance to the end of this year, by benefitting mainly from the UAE’s economic recovery and the growth of the real estate sector, as well as the continuous strategic partnerships to develop the industrial sector and support innovation and sustainability, added Al Remeithi. n

Emirates Steel Arkan, the UAE’s largest publicly-traded steel and building materials company, plans to expanding into new markets in Asia and Africa, a move which will help enhance the group’s international competitiveness, said its top official.

Emirates Steel Arkan aims to explore new markets and boost its production and efficiency. We have been able to increase the number of export markets to 60 by the end of the first half compared to 56 at the start of the year,” stated its Group CEO Saeed Ghumran Al Remeithi in an interview to the Emirates News Agency (Wam).

Al Remeithi pointed out that the group’s strategy for diversifying its revenue sources includes increasing exports via various marketing channels, in addition to boosting the competitiveness of national products, supporting the unified industrial identity, titled, “Make it in the Emirates”, to encourage production and support national products.

The export markets currently account for 45 per cent of the group’s sales, he added.

According to him, Emirates Steel Arkan has maintained a market share of 60 per cent and aims to increase this figure by adding new and sustainable products, he added.

We expect the group to continue its strong financial performance to the end of this year, by benefitting mainly from the UAE’s economic recovery and the growth of the real estate sector, as well as the continuous strategic partnerships to develop the industrial sector and support innovation and sustainability, added Al Remeithi.