Chinese steel firm Masteel opens Mideast unit at Jafza

Dubai / Emirates Business

Chinese steel manufacturer Maanshan Iron and Steel Co Ltd (Masteel), has formally established Masteel Middle East FZE in Jebel Ali Free Zone (Jafza). Qian Haifan, General Manager of Maanshan Iron and Steel Co. Ltd (Masteel), and Ahmad Al Haddad, Chief Operating Officer, Parks and Zones, DP World, UAE Region, jointly inaugurated the facility. Masteel Middle East FZE (Masteel ME) is a subsidiary wholly owned by Masteel, mainly engaged in the export of all kinds of steel products of Masteel in Middle East and North Africa.
Mohammed Al Muallem, CEO and MD, DP World, UAE Region and CEO of Jafza, said, “On behalf of DP World, we congratulate our valued partner Masteel on its success. We look forward to this exciting chapter that will build stronger trade ties between our two countries for mutual prosperity for our people. The inauguration of this new facility is a testament to Jafza’s value proposition for large companies and reflects our position as a leading driver of
economic diversification.”