On the sidelines of the Middle East Iron and Steel Conference 2025, which kicked off in Dubai, officials told 'Al Khaleej' that the UAE is witnessing the implementation of major projects worth around $130.8 billion. These projects cover infrastructure, housing, cities, and renewable energy. Estimates suggest these projects will boost regional steel demand by 4%. They also stated that the value of construction and industrial projects underway or planned in the UAE, the region, and North Africa exceeds $3 trillion. The annual steel demand is projected to rise to over 65 million tons by 2027, according to the latest data from 'Fast Markets,' the event's organizer.
