Arabian Gulf Steel Industries (AGSI) has signed a Memorandum of Understanding (MoU) with ALDAR Properties to integrate innovative, low-carbon steel solutions into sustainable construction projects. The signing, which took place at World Future Energy Summit during the Abu Dhabi Sustainability Week, reflects a shared vision to reshape the construction industry by advancing net-zero goals and promoting the use of sustainable materials.
The agreement highlights the importance of strengthening local supply chains and supporting In-Country Value (ICV) initiatives, demonstrating how sustainability and economic growth can go hand-in-hand.
By prioritizing locally produced, low-carbon steel, AGSI and ALDAR aim to accelerate the decarbonization of the UAE’s built environment while setting a benchmark for next-generation building practices.
The construction industry has traditionally been one of the largest contributors to approximately 40% of global carbon emissions. At the same time, the built environment represents an opportunity for emissions reduction of 56%, making it a critical sector for the UAE to meet its net zero targets for 2050 under Paris Agreement.
”At AGSI, we are dedicated to driving innovation in sustainable steelmaking while supporting local economic value. This agreement with ALDAR reflects our shared commitment to advancing low-carbon construction and circular economy practices that contribute to the UAE’s net-zero ambitions,” stated Asam Hussain, Chief Executive Officer of AGSI.
