Agreement to set up KEZAD steel recycling and production facility
(Posted on 29/03/24)
The UAE’s largest operator of integrated and purpose-built economic zones, Khalifa Economic Zones Abu Dhabi – KEZAD Group, and UAE-based Green Metal Industries have announced the signing of an agreement for the establishment of a new special steel recycling and production facility in KEZAD.
To be developed with an investment of AED 367 million US$100 million, the plant will utilise cutting-edge recycling technologies like meltshop, refining facilities (AOD/VOD/VD), multi-product continuous casting, and a rolling mill, for converting metal scrap into high-quality products for diverse industrial applications, including construction and infrastructure developments.
Spanning over 116,000 square metres in KEZAD Industrial Area (KEZAD al Ma’mourah), the facility will primarily source raw materials locally and process them in Abu Dhabi and hence it will also serve as a catalyst for sustainable development and innovation in the construction industry across the GCC and the wider region.
Mohamed Al Khader Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group said: “We are pleased to welcome Green Metal Industries to the KEZAD ecosystem. The company’s innovative approach to recycling metal is in line with our aims of creating a sustainable industrial ecosystem within KEZAD in line with the Abu Dhabi Industrial Strategy.
“The manufacturing of high-quality materials such as Austenitic, Ferritic, Duplex, Martensitic grades of Stainless steel, as well as low and high alloy steel grades, locally in Abu Dhabi will support the growing demand for sustainable steel products in the country and the wider region.”
Mohammed M Noor, CEO of Green Metal Industries, said: “We are excited to embark on this journey with the establishment of our first production site in KEZAD. Our investment reaffirms our commitment to sustainability and innovation. Green Metal Industries is committed to working closely with local stakeholders, government agencies, and the community to ensure the successful implementation of the project. "
The plant, whose construction has already started, is expected to start commercial production in Q1, 2025, and is expected to generate employment opportunities, stimulate economic growth, and foster innovation in the region.
For recycling scrap metal, the plant will be leveraging advanced recycling technologies, thereby it will be playing a crucial role in reducing carbon emissions and will leave a positive impact on both the local community and the global effort towards sustainability.
Latest News
GSC launches mining advisory division, strengthening global investment capabilities
(Posted on 10/11/25)GSC (Global Strategic Commodities) has announced the launch of its dedicated mining advisory division... Read more
SSAB issues first green bonds amounting to SEK2,800m
(Posted on 10/11/25)SSAB AB has successfully issued its inaugural green bonds under its EUR 2 billion EMTN programme, dated... Read more
Anglo American publishes shareholder circular for merger with Teck
(Posted on 10/11/25)On 9 September 2025, Anglo American plc and Teck Resources Limited announced that they had reached an... Read more
Bunge closes agreement to acquire NWT grain elevator assets
(Posted on 04/11/25)Bunge has successfully closed its purchase agreement for the grain elevator assets of North West Terminal... Read more
NGFA applauds Senate committee for advancing Grain Standards Act reauthorisation
(Posted on 27/10/25)The National Grain and Feed Association (NGFA) in the USA has applauded the Senate Agriculture Committee... Read more
Rio Tinto announces board changes.
(Posted on 24/10/25)As Rio Tinto previously reported, the size of its Board peaked at 14 Directors during a transitional... Read more
ADM advances quality capabilities with new central milling laboratory
(Posted on 24/10/25)ADM , a global leader in human and animal nutrition, has celebrated the opening of its new Central Milling... Read more
Bunge announces reporting segment changes and recast outlook
(Posted on 20/10/25)Bunge Global SA has announced that it has changed its segment and volume reporting to align with the... Read more
Open Trade Coalition calls for bold and open EU trade policy
(Posted on 20/10/25)As the European Parliament prepares for the confirmation hearings of the new Commissioners, the Open... Read more
Rio Tinto Q3 results show strong production across the portfolio
(Posted on 14/10/25)Multinational mining company, Rio Tinto, has releases its third quarter 2025 production results showing... Read more
