Modon, a master developer, and EMSTEEL Group, the UAE’s largest steel and building materials manufacturer, have signed an MoU reflecting a strategic alliance to confirm Modon as the first real estate developer to use low-carbon steel in the UAE.
This partnership is vital in driving the construction industry’s transition toward sustainability and decarbonization. Aligned with the UAE’s Net-Zero2050 Strategy, it aims to facilitate decarbonization across the construction value chain in the UAE and the wider region by introducing green steel produced with certified renewable hydrogen production at scale, contributing directly to the UAE’s net-zero strategy and national hydrogen economy targets.”
“We believe that our partnership with Modon will play a key role in building on our efforts to decarbonize industry at scale. We are excited to continue exploring the potential that such ground-breaking partnerships can promise to the well-being of future generations” ” he added in an official statement.
The UAE aims to achieve net-zero emissions by 2050 and is strongly committed to incorporating clean energy into its energy mix. Aligned with these green targets, the country’s real estate sector has intensified its efforts to adopt sustainable building practices, ensuring compliance with green building regulations like Abu Dhabi’s Estidama Pearl Rating System.