MADAR opens $20.4m steel facility in Dubai

Dubai-based MADAR Steel Industries, a subsidiary of MADAR Holding, has opened its $20.4 million factory at the Dubai Investment Park that will produce 300,000 tons of steel per year, Khaleej Times reported.The new facility, which will be among the largest factories in the Gulf states, will start operation next month. It aims to meet rising demand on steel, especially with the current boom in the Gulf's construction industry.A statement released by MADAR showed that the facility's services will include cutting straight steel bars to length, rebar coil straightening, and cutting-and-bending steel. Its products will include standard mesh and tailor-made wire mesh. Source