M-Steel Group, one of the region’s largest listed steel and building materials manufacturers, has signed a strategic memorandum of understanding with Metalpark, the world’s first fully integrated pay-as-you-go metals ecosystem, marking an important milestone in the evolution of the region’s downstream steel industry.
The agreement brings together M Steel’s industrial manufacturing capabilities with Metal Park’s integrated metals ecosystem, introducing advanced value-added steel processing services designed to enhance the efficiency, productivity and competitiveness of manufacturers in the UAE and the wider region.
The partnership is built around a phased approach designed to strengthen multiple stages of the steel value chain. The first phase will focus on optimizing logistics, storage and distribution by locating steel products within Metalpark’s centralized fulfillment environment.
By bringing materials closer to the end user, Msteel is able to reduce time to market, streamline shipping and make a wide range of products readily available for local delivery or export. This model supports operational efficiency while providing customers with access to ready-to-ship materials from a single, strategically located hub.
The MoU was signed by Mr. Vahid Foradkar, CEO and Co-founder of Metal Park, and Mr. Michael Lyon, Chief Commercial Officer of Emirates Steel, part of the Emsteel Group, in the presence of Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Captain Mohammed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group. Saeed Gumran Al Remeiti, CEO of Msteel Group, said:
In the second phase, the partnership will expand into value-added steel processing and introduce semi-processing services such as cutting, punching and drilling of structural steel beams.
This service center model has been widely adopted in mature European markets and is the first of its kind in the Middle East. By offering pre-treated steel components, Emsteel helps manufacturers reduce machining time and preparation costs, allowing them to focus on higher-value activities such as design, assembly, and final manufacturing.
This partnership reflects Metal Park and Emsteel’s shared vision of delivering value to the entire downstream metals ecosystem. Metal Park’s infrastructure, shared services, and collaborative environment provide the scale and technological foundation necessary to support expansion into advanced processing and fulfillment services.
Commenting on the deal, Fouladkar said, “Metal Park was designed to move the industry beyond traditional models. By combining infrastructure, services and collaboration in one environment, we enable partners like Emsteel to deliver greater efficiency to manufacturers while adding value to their products.”
“This allows manufacturers to access pay-as-you-go sizing and processing services without investing in capital-intensive infrastructure or equipment, allowing them to focus on design and market expansion.”
Al Remeiti said the important MoU represents a strategic step towards strengthening Abu Dhabi’s industrial ecosystem. “This partnership will enable us to explore Msteel’s role as an anchor participant in a more integrated metals hub that will enhance the way steel is stored, processed and delivered to customers,” he said.
“The combination of M Steel’s manufacturing capabilities and Metal Park’s logistics and processing capabilities supports a more efficient and resilient steel supply chain in line with Abu Dhabi’s long-term industrial growth and economic diversification goals,” he added.
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