DII/BILDCO – Musaffah Steel Plant – Abu Dhabi - Project Profile
"DII/BILDCO – Musaffah Steel Plant – Abu Dhabi - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Dubai Investments Industries (DII), a wholly-owned subsidiary of Dubai Investments PJSC [DI] and Abu Dhabi National Company for Building Materials (BILDCO) are undertaking the construction of a steel manufacturing plant in Musaffah, Abu Dhabi, the UAE.
The project involves the construction of a steel manufacturing plant with a production capacity of 300,000TPA of reinforced steel bars. It includes the construction of processing units, a warehouse, a blast furnace and related infrastructure, and the installation of equipment and machinery.
In April 2016, DII signed a memorandum of understanding (MoU) with BILDCO to develop the project. Under the joint venture agreement, DII will hold a 51% stake and the rest remaining 49% will be held by BILDCO.
Construction works are underway with expected to be completed by the fourth quarter of 2017.
The project involves the construction of a steel plant with a production capacity of 300,000 tonnes of per annum (TPA) of reinforced steel bars in Musaffah, Abu Dhabi, the UAE.
The US$68 million project includes the following:
1. Construction of processing units
2. Construction of a warehouse
3. Construction of a blast furnace
4. Installation of equipment and machinery
5. Construction of related infrastructureReasons To Buy