UAE’s leading steelmaker Conares has inaugurated color coated steel plant in Jebel Ali Free Zone in Dubai. The facility is developed at an investment of AED 150 million within the Conares premises in JAFZA South, which spans over an area of 100,000 square meters. The facility will produce color-coated coils ranging from 0.18-0.9 mm in thickness. The color coated steel plant, with a capacity to produce 100,000 tonnes of color coated galvanized steel coils, strips, and sheets per annum, will cater to the increasing demand in the UAE and the region, in addition to manufacturing products to export to a number of international markets. With the new plant, Conares expect its revenue to increase yearly by 10-15% gradually. It is also aiming to increase its dispatch capacity by 5-7% this year. Since its inception in 1988, Conares has been focused on steel trading. It initially built its business in the UAE through trading and re-exporting steel, supplying pipes and rebar to the UAE’s construction sector. In recent years, it has built a rebar factory and pipe mills in Jebel Ali. Now, Conares brings to the market a diversified product range including rebars, pipe, and color-coated coils.