UAE’s Emirates Steel Arkan introduces new operating model, creates 2 separate units

Image: Emirates Steel Arkan

Emirates Steel Arkan has unveiled a new operating model to leverage the combined strengths of its steel and building materials divisions. This step aligns with its larger vision and strategic ambitions.

The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials.

Emirates Steel and Building Materials will each have their own leadership to focus on driving growth within their respective units, and report directly to Engineer Saeed Ghumran Al Remeithi, group CEO of Emirates Steel Arkan.

Saeed Al Ghafri will lead the Emirates Steel business as CEO, and Saeed Al Dhaheri will lead the building materials business as acting CEO and vice president of Commercial.

Al Remeithi said, “We carefully considered the most effective way to enable the company to leverage the combined strengths and synergies of Emirates Steel and Building Materials to realise our strategic ambitions and growth aspirations. The result of that work is a new operating model designed to propel us forward, optimize our operations, and pave the way for future success.”

He added, “The new operating model will also be guided by our new unified values, People, Accountability, and Innovation, based on the one team mentality culture, that will enable us to deliver our strategic goals effectively and efficiently while providing more opportunities for our people to thrive.”

Emirates Steel Arkan units to have some centralised functions

The new business units will also be supported by centralised finance, human capital, technology, strategy and transformation, and a new projects function.

Emirates Steel and Arkan Building Materials merged in 2021 to form Emirates Steel Arkan.

The combined entity has been on a transformation journey to unify and streamline departments, enhance efficiencies across its operations, strengthen its financial standing and develop a decarbonisation roadmap to reach net zero emissions by 2050.

Highlights from our meeting with the Group CEO of #EmiratesSteelArkan. We celebrated our achievements, discussed our exciting journey ahead, and our digitization and decarbonization plans. We also unveiled our new operating model designed to propel us towards new heights. pic.twitter.com/rAh8MGiiwI

— Emirates Steel Arkan (@EMSteelArkan) June 19, 2023

In other news, in May, Emirates Steel Arkan and DNV, a global certification, assurance and risk management provider, signed a ‘Decarbonisation Strategic Collaboration Agreement’.

Read: Emirates Steel Arkan, DNV to drive decarbonisation in steel, building materials industry

As part of the five-year collaboration, DNV’s supply chain and product assurance business will lend its expertise to support Emirates Steel Arkan in boosting the steel and building materials sector’s transition towards net zero and sustainable practices.