SHARJAH, United Arab Emirates, October 22, 2021– (COMMERCIAL THREAD) – The Hamriyah Free Zone Authority (HFZA) added another industry leader to its investor base after ArcelorMittal projects, part of the ArcelorMittal group, the world’s leading steelmaker and mining company, recently acquired the assets of a pipe and coating plant in the Hamriyah free zone and leased 1.38 million square feet of industrial land.
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Signing of the memorandum (Photo: Business Wire)
The announcement was made during the signing of a Memorandum of Understanding (MoU) by HE Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, and Johannes De Schrijver, CEO of ArcelorMittal Projects.
According to the agreement, the company will provide comprehensive, customized and sustainable steel solutions and services through three specialist and project-related business lines: foundation solutions, solar projects and energy projects (anti-corrosion coating solutions) , in addition to (Water transport pipeline), Infrastructure (Sleeves, Construction).
Commenting on the deal, Saud Salim Al Mazrouei said, “We are very proud to add another industry leader to our investor base at HFZA. The presence of the ArcelorMittal group, the world leader in steel, is a major asset for the Emirate of Sharjah’s industrial sector.
“Such a move encourages other investors to launch new vital projects in the near future, especially now that the UAE is moving rapidly towards economic recovery,” Al Mazrouei added.
He said that attracting ArcelorMittal projects is a turning point in the direction of HFZA towards realizing the demands of the UAE industrial strategy.
“We are pleased to forge a long term partnership with HFZA, through which we seek to provide the most cost effective solutions. Our products are backed by the technical expertise of highly qualified individuals with an average experience of over 15 years in HSAW / SSAW Pipe Manufacturing and Anti-Corrosion Coating, ”said Johannes De Schrijver.
De Schrijver added: “HSAW / SSAW pipes can be produced with diameters ranging from 16″ to 100 “and wall thicknesses ranging from 6mm to 25mm with a capacity of 150,000 tons per year. Pipes can be produced in lengths up to 36m without circumferential welds Longer pipes can be obtained by welding We can supply pipes in any steel grade required through our global network of producers of coils.
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