It supplied 2,400 metric tons of iron to 4 pavilions participating in the "Exhibition"
«Emirates Building Systems»: «Expo 2020 Dubai» support the demand for steel structures
Joseph Chidiac: "(Expo) is one of the strong catalysts for the markets, and one of the strong drivers for many economic sectors."
The Emirates Steel Building Systems Company, a subsidiary of Dubai Investments, stated that the approaching date of the launch of the Expo 2020 Dubai has supported the demand for iron products and steel structures supplied to a number of projects in the local market, whether inside or outside the exhibition.
The company's general manager, Joseph Khalil Al Chidiac, told "Emirates Today" on the sidelines of participating in the "Big Five" exhibition for construction and building materials, which concluded its activities in Dubai yesterday, that the company had recently received more than 2,400 metric tons of iron, to Four pavilions participating in the Expo, with a total value of $6.3 million (AED 23.1 million).
Al-Shidyaq added that these pavilions belong to the following countries: Russia, Kuwait, Indonesia and Uzbekistan, explaining that the area of the wings varies, as the area of the pavilions of Kuwait and Russia, for example, exceeds about 6500 square meters each, while the area of the Indonesia pavilion is 3200 square meters. The area of the Uzbekistan pavilion is 2,300 square metres.
He pointed out that the company has completed supply operations to a number of projects during the last period, most notably the supply to the Nakheel Harbor metro station.
Chidiac explained that the demand came after the peak period of the pandemic, in which the markets witnessed a number of negative effects supported by iron price variables, which rose by 60% during the first half of this year compared to their rates during the past year, before finally returning to stability, which contributed significantly. Positive with the effects of the approaching “Expo 2020” on the growth in demand in the iron and steel structures markets.
He stressed that "Expo 2020" is one of the strong catalysts in the markets, whether with many projects keeping pace with the completion operations before the exhibition or even during the period of its holding, especially with the exhibition being one of the strong drivers of many economic sectors.
Follow our latest local and sports news and the latest political and economic developments via Google newsKeywords: