On the sidelines of the 17th Arab Steel Summit, the 129th Board of Directors meeting of the Arab Iron and Steel Union was held on October 14. The meeting was chaired by Mr. Awaad Al-Khalidi, Chairman of the Board of Directors of the Arab Iron and Steel Union, who began his speech by praising the organization and success of the 17th Arab Steel Summit and thanking the Minister of State for Energy Affairs – State of Qatar for sponsoring the conference.
The Secretary-General of the Union, Dr. Kamel Djoudi, also presented the estimated budget for the year 2025, and reviewed the activities of the Union during the year 2024, which witnessed multiple activities of the Union, including meetings, conferences and committees, whether economic or technical, in addition to training. He also reviewed the services provided by the Union through the website, the magazine and the reports issued by the General Secretariat or the committees.
This was followed by a presentation by Mr. George Matta, Chief Marketing Officer at Ezz Steel and Head of the Economic Committee of AISU, who reviewed the latest economic conditions of the Arab countries and the steel consumption rates that were discussed at the ninth meeting of the Economic Committee in Cairo.
Dr. Othman Al-Maliki, Vice President for Investment Affairs at Hadeed Company and Head of the Technical Committee of AISU, also reviewed the carbon neutrality of the steel industry in the Arab countries and plans to reach green steel production for some Arab steel companies, which was held in Algiers.
The Council adopted a set of decisions, the most important of which was approving the estimated budget for the year 2025 and approving the accession of both the Iron and Steel Corporation for Economic Development and the Development Company for the Manufacture of Construction Materials from the Republic of Iraq to the membership of the Board of Directors and holding the 131st Board of Directors meeting in Muscat – Sultanate of Oman and the 18th Arab Steel Summit in Muscat in October 2025.
