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Oman Steel Factory is based in the United Arab Emirates (UAE) and operates all over the region. Over the years, it has been a major contributor to service development in the Arabian Gulf’s construction, oil fields, hospitals, and marketing/media industries as well as in its regional market.
The company’s founding objective was to meet a project’s end by diversifying the region’s major industries through the supply chain of service and supply. With multiple facilities in Al-Quoz, Dubai, UAE, Oman Steel Factory is a leading provider of a wide range of engineering and contracting services having a large workshop that is well-equipped and able to do hands-on work.
The Oman Steel market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A German company that specializes in hydrogen fuel technologies has started a plan to help the Sultanate of Oman produce “green steel” for the first time. The historic initiative, which is expected to be put into action as soon as 2024, has the potential to make the Sultanate of Oman one of the world’s first producers of green steel, which is basically steel that has a low carbon footprint.
Hydrogen Rise AG, with headquarters in Munich, has announced plans to test the production of green steel using green hydrogen as a low-carbon alternative to fossil fuels at the Sohar Port complex of Jindal Shadeed Iron & Steel (JSIS).According to a key executive, the initiative, which was initially intended to be a modest-scale endeavor, is planned to expand in the future.