Khalifa Economic Zones Abu Dhabi – Kizad Group and Green Metal Industries, based in the UAE, announced the signing of an agreement to develop a new facility for recycling scrap steel and manufacturing special steel products in Kizad.

The factory will be developed with investments amounting to $100 million, and will rely on advanced technologies for recycling scrap metal and using it to manufacture high-quality products suitable for various industrial uses, including construction and infrastructure development work. The factory will include modern technologies such as iron smelting units, purification facilities, steel refining and processing furnaces with AOD/VOD/VD technologies, and continuous casting units. The factory will also include a rolling mill unit and will produce a variety of products.

The factory extends over an area of ​​more than 116 thousand square meters in the Kizad Industrial Zone (Kizad Al Maamoura), and will obtain raw materials locally to be recycled and manufactured in Abu Dhabi, thus contributing to stimulating sustainable development and innovation in the construction and construction sector in the Gulf countries and the region.