Conares Exports 75KT Steel Rebars to US from Jebel Ali Port
DP World’s Jebel Ali Port carried out the export of 75,000 tonnes of rebar to US for leading Dubai based steel manufacturer Conares. With this export, DP World UAE Region and Conares collaborated to contribute to the UAE’s “Operation 300bn” initiative. The rebars that were manufactured at Conares’ facility in the industrial sector of Jafza were exported internationally for the first time with end-to-end handling of the cargo done by DP World’s Jebel Ali Port Operations. This first-of-its-kind operation will open doors for many more such business operations.
Conares Chairman Mr Bharat Bhatia said “Conares aligns its model to support the industrial goals of the nation. The export shipment is a step towards supporting this national goal and showcasing its commitment to contribute towards making this a reality. The export of this shipment coincides with Conares’ 10th anniversary of its rebar mill. Over 10 years, Conares has handled 10 million tonnes of steel and achieved AED 10 billion in revenue.”
Conares has been in the steel trading business since its inception in 1988 with its state-of-the-art manufacturing facility headquartered in Jafza since 2000. Conares has helped in building megaprojects projects like the Etihad Rail, Abu Dhabi Midfield Terminal, Expo 2020, Dubai Metro, Dubai Opera, Museum of Future, to name a few. The company is among the top steel rebar mills operating round the clock to serve the UAE’s upcoming projects in infrastructure development and industrial sectors. The market value of Conares’ assets exceeds AED 1.5 billion and is expected to cross AED 2 billion per annum in the next few years.
Reinforcing business in the free zone, the ecosystem at Jebel Ali Port is renowned as the region’s polyfunctional port with advanced capabilities. Over the last 10 years, from 2010 to 2019, the port handled a record one billion tonnes in steel and construction, handling an average of 4.5 million TEU. Additionally, over 50 million metric tonnes of general cargo were handled during this period.