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China steelmaker Masteel sets up Jafza base

Says it takes inspiration from the Belt and Road initiative and the Globalization of China

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Maanshan Iron and Steel Company (Masteel), a leading Chinese steel manufacturer, has established Masteel Middle East in Jebel Ali Free Zone (Jafza), Dubai.

Masteel Middle East is a wholly owned subsidiary of Masteel, mainly engaged in the export of all kinds of steel products of Masteel in the Middle East and North Africa (MENA).

Recognizing the dynamic characteristics of the Middle East market, and combining the advantages of its diverse high quality products, Masteel Middle East will expand the export market mainly for hot rolled steel, section steel and cold rolled steel, and PPGI (pre-painted galvanized iron) and GI (galvanized iron) products, as well as the shafts market, it said.

Taking inspiration from the Belt and Road initiative and Globalization of China, Masteel has focused on promoting the progress of its international operations. It has established branches in the US, Germany, Korea and Australia, having formed the overseas market and business distribution covering Asia, Europe, Oceania and America.

As its next step, Masteel Middle East plans to integrate into the local market as soon as possible to implement the requirements of customers, actively responding to the important measures advocated in the Belt and Road initiative of China, servicing BRI projects in the UAE and the Middle East market, facilitating Masteel products to grow roots in the regional market, and acting as the bridgehead for promoting Masteel’s international development strategies.

Jafza is home to Traders Market, a 20 million-square-foot facility that will serve as the primary logistics hub linking the GCC with the BRI project. With its mega-logistics infrastructure, it offers customers a range of options to meet the requirements of today’s on-demand logistics landscape.

Source

Dubai FDI