Fakhruddin Properties and AGSI Partner for Net Zero Steel in UAE Developments
Fakhruddin Properties has signed an MoU with AGSI to implement low-carbon steel solutions in future projects, advancing sustainable construction in the UAE. This partnership aims to reduce embodied carbon emissions and aligns with the UAE's Net Zero 2050 initiative.
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Fakhruddin Properties has entered into a strategic Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries LLC (AGSI) to incorporate low-carbon steel solutions in its upcoming developments. AGSI, the largest private steel producer and recycler in the UAE, will supply low-carbon products, supporting Fakhruddin's decarbonization roadmap and the UAE's Net Zero 2050 goals.
The collaboration emphasizes early-stage integration of sustainable materials, promoting a circular economy through closed-loop steel recycling. This partnership not only aligns with the regional decarbonization efforts but also enhances local value chains, potentially setting a precedent for future developer-manufacturer collaborations.
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