Dana Steel, based in the UAE, is set to launch its first factory in Saudi Arabia by mid-2025, with an investment of approximately $82 million. CEO Ankur Dana noted that the decision to expand into Saudi Arabia was driven by the country's booming construction market and a high demand for steel exports. Dana Steel currently operates eight factories in the UAE and is establishing a ninth in Abu Dhabi's Khalifa Industrial Zone, exporting its products to over 50 countries worldwide.