Oman Construction Material and Trading (OCM) group is setting up a world-class 180,000 tonnes per year (tpy) steel plant at Dubai Investment Park (DIP), the park announced.

Production will be in excess of 180,000 tonnes per year (tpy) and the 61,000 sq m factory will commence commercial operations in 2007 with an initial staff of 300.
DIP, a wholly owned subsidiary of Dubai Investments, has entered into an agreement with OCM to support the construction of the plant. The park is conceptualised as a major industrial, business, residential and recreational development
Khalid Bin Kalban, managing director and CEO, Dubai Investments, said: “DIP aims to bring varied property development, from manufacturing industries to residential complexes, under a single umbrella. DIP encourages a diversity of investments, and is pleased to announce that OCM will be setting up a world-class steel processing facility here.”
Bin Khalban stressed that quality was the touchstone that distinguished all of the companies and factories operating in DIP. “Seven Seas products, which are known worldwide for their premium quality, are adding further vigour to DIP’s diversified set,” said Bin Kalban.
The Seven Seas label, currently one of the largest in the world for automated pre-fabricated cages, is wholly owned by OCM. It made its first presence in Dubai in 1996 as the main trading arm for the group. OCM diversified into specialised steel processing in 2001 by acquiring Corporate Technology FZCO, which is one of the largest units in the UAE for the cutting and bending of steel reinforcement bars.
Rohit Valrani, group executive director, said of the forthcoming expansion: “We are committed to expanding and diversifying our product portfolio. DIP offers excellent facilities and is an ideal location for our new venture. DIP houses many industrial complexes which will let us take advantage of the infrastructure and ancillary services to generate a competitive edge”.
The multi-phased 3,200 hectares Dubai Investments Park, with an expected outlay of Dh1.5 billion, offers investors pre-serviced sites boasting world-class infrastructure, state-of-the-art facilities and quality services for manufacturing, research and development, housing, logistical and academic purposes.
The park is being developed, managed and operated by Dubai Investments Park Development Company LLC (DIPDC), a wholly-owned subsidiary of Dubai Investments. As well as educational institutions and residences, the park’s tenants include industries representing a broad scope of economic activity.