Danube to invest big in Bahraini steel

MANAMA, BAHRAIN
In response to the GCC’s continued construction boom, Danube Materials FZCO is planning to invest AED 40 million in Bahrain’s burgeoning steel industry.
Currently, the majority of the steel for Bahraini projects comes from KSA and Qatar, but Danube’s investment will see the small kingdom begin to be able to serve its own steel needs and those of surrounding countries as well.

“As we intend for our Bahrain steel manufacturing facility to be the premier source of steel and steel products in the kingdom, we are also investing considerably in product development and marketing plans, which will make our products more efficient as well as reachable to both regional and global clients,” said Rizwan Sajan, chairman of Danube Building Materials.

In addition to Danube’s expansion into Bahrain, the company has its sights set on other Middle Eastern targets. In 2009, Danube is planning to inject AED 50 million into a new steel facility in Oman as well as AED 200 million in the steel industry in the UAE.

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