DUBAI – November 08, 2022: Conares, the second largest steel manufacturer in the UAE, welcomed a high-level delegation from the UAE Ministry of Industry and Advanced Technology at its headquarters in Jebal Ali Free Zone (JAFZA) recently.
This delegation led by HE Abdulla Al Shamsi, Assistant Undersecretary for Industrial Growth Sector, and HE Osama Amir Fadhel, Assistant Undersecretary for Industrial Acceleration Sector, took a tour of Conares’ multiple manufacturing plants in JAFZA.
Mr. Bharat Bhatia, Founder and CEO of Conares, received the delegation, taking them through the journey of Conares, an industrial major working with a ‘Make it in The Emirates’ program in alignment with the development goals of the nation’s wise leadership.
Commenting on the delegation’s visit, Mr. Bharat Bhatia, said, “We are extremely proud to host the high-level delegation from the Ministry of Industry at our headquarters and take them though our plants that make Conares the only private and one of the largest steel manufacturers in the UAE. Conares has an installed capacity to produce 1.5 million tonnes of steel products annually with the current market value for its assets estimated at AED 2.5 billion and exporting to 26 countries across six continents.”
“This visit reflects the unending help we have been receiving from the UAE government. The diligent efforts of the authorities and different departments have helped us create our huge success in the industry. The delegation has ensured its additional support that would help us further contribute to the development of the manufacturing sector. This is a result of the steel products ‘made in Emirates’ gaining market-wide acceptance and being the preferred choice of many prestigious projects in the country today,” he added.
“We have always aligned our model to bolster the industrial goals of the nation and consistently worked towards making each one of them a reality. We are operating in line with the UAE’s industrial strategy that aims to raise the manufacturing sector’s contribution to maintaining an industrial identity to support domestic products and promote the sector globally,” Mr. Bhatia said.
He added, “Conares currently aims to increase its installed capacity up to three million tonnes by the year 2030. The way Conares is able to develop its export markets is in line with the vision for developing the three million production capacity.”
“We, at Conares, are also excited and pleased to announce that we have achieved a milestone dispatch of our entire range of products totalling 80,000 metric tonnes in October 2022, which is the highest volume ever recorded in a single month. All credit goes for this goes to our stakeholders including the relevant ministries, port authorities, and other partners,” Mr. Bhatia further said.
He says that Conares is proud of having the opportunity to be part of several initiatives of the UAE’s government. Multiple public sector projects helped reinforce its front-running position in the UAE’s industrial sector.
Conares has been part of mega projects like the Etihad Rail, Abu Dhabi Midfield Terminal, Expo 2020, Dubai Metro, Dubai Opera, and Museum of The Future, to name a few. The company is among the top steel rebar mills operating round the clock to serve the UAE’s upcoming projects in infrastructure development and industrial sectors.
Conares has been in the steel industry since its inception in 1988 with its state-of-the-art manufacturing facility headquartered in Jafza since 2000. Conares has been recognized as a premier producer of quality steel in massive quantities from Dubai, the strategic hub between the East and the West.
“The growth of Conares as a steel manufacturer has remained on a buoyant trajectory for more than three decades of its operations, helping it cross significant growth milestones in the steel industry. The company has set new benchmarks in the steel industry through its commitment to quality, excellence and service standards,” Mr. Bhatia concluded.