JFE Steel Corporation, Marubeni-Itochu Steel Inc. (MISI) and Senaat GHC, a private joint-stock general holding company owned by the government of the Emirate of Abu Dhabi, announced that they have agreed to establish a joint-venture company in Abu Dhabi, called Al Gharbia Pipe Company, to manufacture and sell large-diameter welded steel pipes, mainly for the energy industry.
Photo courtesy of JFE Steel Corporation
The new company, leveraging JFE Steel’s technology for high-quality large-diameter welded steel pipes, MISI’s sales capabilities and Senaat’s industrial footprint in Abu Dhabi, will manufacture and sell high-grade large-diameter steel pipes to energy companies in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, the six member countries of the Gulf Cooperation Council (GCC).
JFE Steel will participate in the joint venture under the Abu Dhabi-Japan Business Promotion Initiative of the Japan Cooperation Center for the Middle East. The initiative supports Japanese companies that invest in projects to strengthen ties between the two countries.
