Landmark agreement worth $1.2 billion
The centerpiece of the deals is a $1.2 billion agreement with Shelter Bank for Development and Investment in Africa. Under this agreement, AQS will sell and distribute its steel products in more than 40 African countries.
What makes this deal significant is its direct link between steel production and financing infrastructure projects across the continent. This integration of industrial supply financing and development is expected to accelerate the growth of Africa's infrastructure, while ensuring the long-term role of AQS in regional development.
Additional $420 million in strategic agreements
Along with the main deal, AQS has entered into four major agreements totaling more than $420 million with leading African companies.:
- Sahel Strategic Partnerships Ltd.: a $121 million deal covering exports to Nigeria, Equatorial Guinea, Burkina Faso and Ghana.
- UnisteelLtd.: an agreement worth $195.62 million for export to several African markets.
- Al-Najah, a leading industrial engineering company, has signed a contract for the supply of steel products to Libya worth $103 million
Recognition and strategic importance
The success of AQS in the African markets has not disappeared
