In a momentous stride towards industrial innovation, four distinguished companies—CIM Steel Industry LLC, Rhino Steel, Metal Care Center Factory LLC, and Aziz Steel—have united under the auspices of the Umm Al Quwain Industrial City Authority (UICA). The groundbreaking ceremony was honored by the esteemed presence of the chief guest, Sheikh Abdullah Bin Saud Bin Rashid Al Mualla.
This consortium of industrial leaders has embarked on a pioneering journey to establish four distinct steel manufacturing and processing units. While retaining their individual autonomy, these units are poised to create a harmonious business environment that not only fortifies their individual growth but also contributes to the broader manufacturing sector in Umm Al Quwain, aligning perfectly with the UAE's 'Make it in the Emirate' initiative.
Under the preliminary agreement, these four industry stalwarts are set to transform 1.4 million sqft of land into a specialised metal zone, exemplifying collaborative synergy. While each company functions independently, they are interlinked in a manner that fosters mutual support, thus magnifying their collective impact. Their shared objective shall not only bolster Umm Al Quwain's manufacturing prowess the UAE's economic stature but also elevate UAE’s status as one of the pioneers in whole of Middle east to produce high quality Aluzinc coils.
Each of the companies brings its unique expertise and investments to this collaboration.
Collectively, these four visionary companies are channelling nearly Dh501 million into capital expenditure. Once fully operational, their projected annual revenues of over Dh2 billion will underscore their dedication and the magnitude of their economic impact.
The implications of this collaboration extend beyond economic gains. The positive economic effects will be felt at both the individual and national levels, as these companies contribute to various revenue streams, including visa documentation, insurance, VAT, port handling charges, road tax, income from truck and trailer registrations, and corporate tax.
The driving forces behind this monumental endeavour are CIM Steel Industry LLC, Rhino Steel, Metal Care Center Factory LLC, and Aziz Steel LLC. These companies, with their distinct backgrounds and areas of expertise, are united in their aspiration to fortify local manufacturing, regularise trade Imbalance, reduce dependency on imports, and wholeheartedly engage with the UAE government's vision of 'Make it in The Emirate'.
The partnership between these companies and the Umm Al Quwain Industrial City Authority exemplifies the potency of collective ambition, setting the stage for a flourishing future in the heart of the UAE's industrial landscape.
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