{"id":43077,"date":"2017-02-06T23:17:36","date_gmt":"2017-02-06T16:17:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=43077"},"modified":"2017-02-06T20:39:19","modified_gmt":"2017-02-06T13:39:19","slug":"al-shafar-to-double-footprint-of-steel-production-site-at-dubai-industrial-park","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-shafar-to-double-footprint-of-steel-production-site-at-dubai-industrial-park\/","title":{"rendered":"Al Shafar to double footprint of steel production site at Dubai Industrial Park"},"content":{"rendered":"


\nDubai-based Al Shafar Group of Companies (ASGC) is to invest Dh175 million into an expansion of its steel fabrication plant at Dubai Industrial Park.Al Shafar Steel Engineering (also known as Assent) has agreed a deal to double the size of its existing site by taking on an extra 1.2 million square feet of land, increasing its total footprint to 2.4 million sq ft. The firm will build four new facilities on the extended site, spending Dh100m on construction. The remaining Dh75m is to be invested in new machinery. Once the new facilities are built at the end of next year, Assent will employ 2,300 staff on site, allowing it to increase its annual production capacity by up to Dh300m a year for the first two years, and by a further 15-20 per cent per year after that. Current annual production levels run at Dh800m-Dh1 billion per year.Amr Ali Ahmed, the managing partner and chief executive of Assent, said: “Strengthening our services to our customers and catering to the rising regional demand for steel are the key reasons for our decision to expand our facilities at Dubai Industrial Park.”ASGC is a construction-focused group with its own contracting company, MEP and interior design divisions, a ready-mix concrete business and a large, precast concrete factory known as Hard Precast Building Systems, which also has a large production site at Dubai Industrial Park.Saud Abu Al Shawareb, the chief operating officer of Dubai Industrial Park, said: “In recent years, the UAE has become a highly promising destination for local steel manufacturing, and the sector is an active contributor to the nation’s non-oil GDP.”A report published last week by property consultancy Cluttons stated that activity in Dubai’s industrial property market had curtailed in recent months, despite it being the busiest property sector for the previous two years. Rents fell in some parts of the city, but remained flat year-on-year at Dubai Industrial Park at between Dh32 to Dh38 per sq ft.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Al Shafar to double footprint of steel production site at Dubai Industrial Park<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai-based Al Shafar Group of Companies (ASGC) is to invest Dh175 million into an expansion...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43077","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bcN","jetpack-related-posts":[{"id":168145,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bin-shafar-highlights-the-importance-of-district-cooling-in-dubais-vertical-expansion\/","url_meta":{"origin":43077,"position":0},"title":"Bin Shafar highlights the importance of district cooling in Dubai\u2019s vertical expansion","date":"December 24, 2025","format":false,"excerpt":"\r Empower chief says district cooling is a critical component in enhancing the efficiency of Dubai\u2019s urban economy The post Bin Shafar highlights the importance of district cooling in Dubai\u2019s vertical expansion appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/Dubai-aerial-view-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meraas-bluewaters-island-in-dubai-moves-into-the-building-finishes-stage\/","url_meta":{"origin":43077,"position":1},"title":"Meraas' Bluewaters Island in Dubai moves into the 'building-finishes' stage","date":"March 22, 2017","format":false,"excerpt":"\r The developer of the Dh6 billion Bluewaters Island off the coast of the Jumeirah Beach Residence island in Dubai said work is nearing completion. Meraas Holding said construction work on the island is now 75 per cent complete, with the project moving on from its structural phase to building\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/float-still-on-the-cards-says-asgc-chief-executive\/","url_meta":{"origin":43077,"position":2},"title":"Float still on the cards, says ASGC chief executive","date":"June 12, 2017","format":false,"excerpt":"\r Al Shafar General Contracting (ASGC), a Dubai builder with a projected turnover of US$1 billion this year, is still planning an initial public offering but it is waiting for market conditions to improve, according to its chief executive.The 28-year old firm is still keen on the UAE, which accounts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23455,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-water-canal-jewel-of-the-creek-and-other-infrastructure-projects-a-boon-for-contractors\/","url_meta":{"origin":43077,"position":3},"title":"Dubai Water Canal, Jewel of the Creek and other infrastructure projects a boon for contractors","date":"August 20, 2016","format":false,"excerpt":"\r The Dubai Road and Transport Authority's (RTA) unveiling of new designs for the Water Canal stops and a series of \u00adother transport projects earlier this month is another sign that the local market continues to offer opportunities despite difficulties elsewhere in the region, according to contractors.A series of infrastructure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-awards-dh1-4-billion-in-contracts-in-first-two-months-of-2017\/","url_meta":{"origin":43077,"position":4},"title":"Damac awards Dh1.4 billion in contracts in first two months of 2017","date":"March 9, 2017","format":false,"excerpt":"\r Damac Properties has awarded 121 construction contracts in the first two months of the year with a combined value of Dh1.4 billion.The developer said that the awards include main contract packages at five of its sites - Akoya Oxygen, Damac Hills, Aykon City and at two new towers in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3155,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kier-picks-up-dh131m-bluewaters-island-contract\/","url_meta":{"origin":43077,"position":5},"title":"Kier picks up Dh131m Bluewaters Island contract","date":"January 30, 2016","format":false,"excerpt":"\r \r The UK builder Kier has won its second contract at the Bluewaters Island project under construction off the coast of Dubai's Jumeirah Beach Residences for Meraas Holding.The \u00a325 million (Dh130.7m) contract covers infrastructure and public realm works on the island, and follows on from an earlier deal secured\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43077"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43077"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43077\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}