JobXDubai

Emirates Steel Arkan (ESA) has announced a groundbreaking five-year iron ore pellet supply agreement with Bahrain Steel Company (BSC), valued at a monumental $2 billion. This deal is a part of the Industrial Partnership for Sustainable Economic Growth initiative, recently concluded in Bahrain.

Since 2009, the partnership between ESA and BSC has flourished, achieving an impressive 16-fold growth. Continuing their robust collaboration, the new agreement enables ESA to receive consistent annual supplies of premium iron ore oxide pellets from Bahrain Steel, reinforcing the stability and growth potential within the Gulf Cooperation Council’s (GCC) iron and steel sector.

Group CEO of Emirates Steel Arkan, Eng. Saeed Ghumran Al Remeithi, expressed the strategic aims of the partnership: “This alliance isn’t just about stable supply chains and industrial growth. It’s also about reinforcing economic ties within the GCC, in sync with the UAE’s vision. These efforts merge perfectly with the objectives of the Integrated Industrial Partnership for Sustainable Economic Development, initiated in 2022 for resource, capability, and experience integration among partnership nations.”

Bahrain Steel’s Group CEO, Dilip George, emphasized the historic nature of this collaboration, saying, “We are entering a new phase of mutual growth and cooperation with Emirates Steel Arkan. This long-term contract underlines our pledge to supply state-of-the-art iron ore oxide pellets, supporting the initiatives of economic development framed in the Industrial Partnership for Sustainable Economic Growth.”

This strategic contract demonstrates the potential of international collaboration, potentially inspiring job seekers in both Dubai and the broader UAE to explore the thriving industrial landscape of this dynamic region.