From the steel industry standpoint, local manufacturers are in a strong position to cater to each of the upcoming projects.
Mr. Bharat Bhatia, CEO of Conares, the second largest private steel manufacturer in the UAE, said, “With the existing developments for the Expo 2020 and the plans envisioned under the Vision 2021, projects are on track to be completed before the year 2020. This anticipates a growth in the industry by 30 per cent until the end of this decade, which will help local steel manufacturers cater to the odd three to four million metric tonnes rebar demands for all these projects.”
He was speaking on the sidelines of the Big 5 International Business and Construction Show 2016, which kicked off in Dubai on Monday, November 21, 2016. Conares is exhibiting at Stand No. A111 in Zabeel Hall at Dubai World Trade Centre. HE Abdullah Al Saleh, Undersecretary of the UAE Ministry of Economy, visited the Conares stand.
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