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Emirates Steel Considers Diversification to Iraq

UAE steel giant eyes opportunities through rebuilding projects throughout Iraq

Emirates Steel, one of the largest non oil organisations in the UAE, is considering expansion into Iraq as it seeks diversification to target different economies.

Emirates Steel chief executive Saeed Al Remeithi revealed “We’re always looking at new markets, one of which we are targeting now is Iraq" before further commenting "Iraq is a big growth market for us, and from the logistics point of view it is very big. We have seen right now Iraq is more stabilised than in the past few years and we have already started on the market.”

Source: Hellenic Shipping News

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