EMSTEEL’s CEO Highlights Role in UAE Economic Growth and Infrastructure Support
📋 Key Takeaway: Saeed Ghumran Al Remeithi, CEO of EMSTEEL, discusses the company’s significant contributions to the UAE economy and its commitment to enhancing local supply chains and infrastructure during the Make it in the Emirates 2026 event.
EMSTEEL’s Economic Impact on the UAE
Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, underscored the company’s vital role in bolstering the national economy and supporting strategic projects in the UAE. Speaking at the Make it in the Emirates 2026 event, Al Remeithi highlighted EMSTEEL’s commitment to strengthening local supply chains, enhancing the construction and infrastructure sectors, and improving the global competitiveness of Emirati industry.
He noted that EMSTEEL contributes significantly to the national economy, with local spending exceeding AED3.5 billion within supply chains. This investment not only boosts in-country value but also supports local suppliers, thereby reinforcing the economic framework of the UAE.
Production Capacity and Market Reach
EMSTEEL operates 14 plants with an impressive annual production capacity of approximately 3.5 million tonnes of steel and 4.6 million tonnes of cement. The company commands about 45 percent of the UAE rebar market, a testament to its pivotal role in supporting the construction sector and ensuring the continuity of essential strategic projects.
Al Remeithi pointed out that EMSTEEL’s products are exported to over 70 global markets, showcasing the competitiveness of UAE industry and its capability to expand internationally. This global outreach not only enhances the company’s profile but also reinforces the UAE’s position as a leading industrial hub.
Embracing Digital Transformation and AI
In an era of digital transformation, Al Remeithi emphasized the integration of artificial intelligence (AI) into EMSTEEL’s operations. The company utilizes AI for real-time data analysis, which aids in understanding performance metrics and facilitates quicker, more informed decision-making processes.
AI technologies play a crucial role in enhancing raw material efficiency, optimizing furnace performance, and reducing energy consumption. Furthermore, EMSTEEL’s predictive capabilities allow for demand forecasting with up to 84 percent accuracy, contributing to improved planning stability and supply chain flexibility.
Price Stabilization and Market Confidence
On the topic of price stabilization, Al Remeithi highlighted its importance as a cornerstone for market stability. He stated that clear pricing mechanisms are essential for developers and contractors, enabling them to plan and execute projects without the disruptions of market volatility and cost uncertainties.
He further elaborated that price clarity and stability are critical for the continuity of vital projects, which in turn enhances activity in the construction and infrastructure sectors. This approach is integral to fostering balanced and sustainable growth in the UAE market.
Frequently Asked Questions
What is EMSTEEL’s contribution to the UAE economy?
EMSTEEL contributes over AED3.5 billion in local spending and holds a significant share of the rebar market.
How does EMSTEEL utilize artificial intelligence?
EMSTEEL uses AI for real-time data analysis, improving efficiency and forecasting demand with high accuracy.
What role does EMSTEEL play in the construction sector?
EMSTEEL supports the construction sector by ensuring a stable supply of materials and contributing to strategic projects.
How does price stabilization affect the construction market?
Price stabilization fosters confidence among developers and contractors, allowing for better project planning and execution.
In how many markets does EMSTEEL operate?
EMSTEEL’s products reach over 70 global markets.
