Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, announced that the company has added around AED 6.2 billion to Abu Dhabi’s Gross Domestic Product (GDP).
In statements to the Emirates News Agency (WAM) during the Make it in the Emirates 2025 forum, Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, highlighted the company’s substantial role in the UAE’s industrial sector. He noted that EMSTEEL accounts for 10% of Abu Dhabi’s non-oil manufacturing output and holds a 60% share of the national steel market, reinforcing its leading position in the industry.
The executive highlighted the group’s strong focus on strengthening the UAE’s industrial sector. He noted that Emsteel has become a key contributor to the National In-Country Value (ICV) Program. In 2024 alone, the group invested over AED 3.5 billion in local sourcing, partnered with more than 1,365 UAE-based suppliers, and dedicated nearly half (48.2%) of its total procurement budget to domestic companies.
Al Remeithi highlighted strong momentum in the UAE steel sector, with the market expanding by more than 20% last year. He projected sustained growth above 10% in the coming period, fueled by large-scale developments, particularly in energy and infrastructure projects.