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Ascent Iron Industries announces AED 120m expansion at Dubai Industrial City

by James Bryant
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Ascent Iron Industries announces AED 120m expansion at Dubai Industrial City

Asent Iron Industries to invest AED 120m to expand operations in Dubai Industrial City

Asent Iron Industries will invest an additional AED 120 million in Dubai Industrial City to expand its steel fabrication footprint, raising total investment to AED 406 million and capacity to about 130,000 tonnes by Q2 2028.

Asent Iron Industries has signed a lease agreement with Dubai Industrial City to expand its manufacturing footprint and boost production of structural steel components in the UAE.
The plan adds roughly 2.2 million square feet of industrial space and represents a strategic scale-up of the company’s existing operations in the complex.
The expansion underlines Dubai Industrial City’s role as a regional manufacturing hub and signals continued investor confidence in the emirate’s industrial infrastructure.

Expansion agreement with Dubai Industrial City

The company formalised the expansion with a lease agreement through Dubai Industrial City, part of TEcom Group’s industrial portfolio.
Under the deal Asent will extend its presence across the industrial zone, consolidating operations and logistical links within the complex.
TEcom Group said the agreement reflects growing demand from manufacturers seeking integrated facilities and strategic access to regional trade routes.

Investment scale and total footprint

Asent will contribute an additional AED 120 million over the next three years, bringing its total committed investment in Dubai Industrial City to AED 406 million.
The new development will increase the firm’s leased area to approximately 5.1 million square feet, providing space for fabrication, storage and value‑added services.
Company planners expect the enlarged site to enable more efficient production flows and improved supply‑chain integration for large infrastructure projects.

Production capacity and expected output

The expansion is set to lift Asent’s annual steel fabrication capacity from about 100,000 tonnes to roughly 130,000 tonnes.
That capacity increase is aimed at meeting rising demand for complex structural steel used in regional infrastructure, energy and commercial construction projects.
Officials noted the additional output will allow the company to secure larger contracts and reduce lead times for clients across the Gulf and beyond.

Operational timeline and ramp-up plan

Construction and fit‑out work for the new facilities will be staged to align with market demand, with full operations targeted in the second quarter of 2028.
Asent plans a phased ramp‑up of production so capacity comes online progressively and in step with incoming contracts.
The timeline factors in equipment commissioning, workforce recruitment and the certification processes required for high‑spec steel fabrication.

Remarks from TEcom Group and company leadership

Saud Abu Al‑Shawareb, Deputy CEO for TEcom Group’s industrial sector, said the expansion demonstrates sustained confidence from industrial tenants in Dubai Industrial City.
He highlighted the area’s integrated infrastructure, logistics connectivity and proximity to key trade corridors as key enablers for manufacturers to scale operations.
Niall O’Connell, General Manager of Asent Iron Industries, said the investment underscores the company’s commitment to strengthening its engineering and manufacturing capabilities.
O’Connell added that the enlarged capacity will support Asent’s goal of delivering complex steel structures to clients globally while enhancing operational efficiency.

Implications for the UAE manufacturing and supply chain

Analysts say the project will bolster the UAE’s heavy fabrication capacity and expand local supply options for major construction and energy projects.
The additional industrial space and increased output capacity could shorten procurement cycles for regional developers and reduce reliance on imports for large steel assemblies.
The expansion also reinforces Dubai Industrial City’s position as a magnet for capital investment in advanced manufacturing and logistics.

The Asent expansion follows a broader Emirati push to attract industrial investment and localise strategic supply chains, and officials expect the project to support jobs, technology transfer and upstream supplier growth as it moves toward full operation in 2028.

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