Emsteel, the largest steel producer in the United Arab Emirates, announced the signing of a strategic memorandum of understanding with local company Modon to explore potential collaboration on steel solutions for future development projects.
Focus on innovation and sustainability
Under the agreement, potential collaboration will focus on evaluating innovative, high-performance and sustainable steel materials. The goal is to support the efficiency, productivity and long-term value of upcoming development projects.
The companies did not disclose a timeline or specific projects under the agreement, noting that the Memorandum of Understanding is focused on research collaboration and technical assessment of potential steel applications.
