Dana Steel, which is based in the Emirates, will begin production from its first factory in Saudi Arabia in the middle of next year with investments amounting to about $82 million, according to its CEO, Ankur Dana. Dana stated that the company invested in Saudi Arabia due to its acquisition of a huge volume of its production exports, in addition to the construction boom that the Kingdom’s market is witnessing. Dana Steel owns 8 factories in the Emirates, and is establishing a ninth factory in the Khalifa Industrial Zone in Abu Dhabi, and exports its production to 50 countries around the world, according to its CEO.
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Economic newsNovember 26, 20241 min read