R/€ = 13.11
R/$ = 11.94
Au 1207.82 $/oz
Pt 1150.50 $/oz
Oct 17, 2003
Dubai project expected to boost local stainless industryBack
© Reuse this The multibillion dollar Palm project in Dubai is likely to be a major boost for the local stainless-steel industry.
The planned development, known as Palm, takes its name from the two islands that are to be created in the shape of a palm tree off the coast of Dubai. The development will see the creation of up to 50 hotels on each island, as well as apartments, residential villas and entertainment areas, all of which are likely to make major use of stainless-steel architectural products.
Palm Island will be built in the shape of 17 huge fronds, surrounded by 12 km of protective barrier reefs, extending five kilometres into the sea.
The palm tree shaped resort island will be built on land reclaimed from the sea, and will include 120 km of sandy beaches.
The island resort will be visible from the moon. According to the Southern Africa Stainless Steel Development Association (Sassda), this new development will lead to great opportunities for South African manufacturers of stainless-steel architectural products such as balustrades, internal products, hand railings, windows and doors, as well as other products produced locally.
As a follow-up to the growing interest in stainless-steel architectural products displayed at the Rooms on View exhibition held earlier this year, Sassda’s architectural sector members are being encouraged to pool their resources to demonstrate their quality and capacity to the world markets.
The association hopes that the Stainless Steel Incorporated image will open up opportunities in projects such as the multibillion-dollar Palm project in Dubai.
Sassda has established a local initiative in order to work closely with South African contractors that are expected to be involved in Dubai, and are currently looking at and tendering for individual projects which fall under Palm.
The association has established a working group that will make contact with the local contractors and others with a view to securing work for its members – all of whom are encouraged to involve themselves in this project to the benefit of the local stainless-steel industry.
Edited by: Helene Le Roux© Reuse this Comment Guidelines (150 word limit)
Other Stainless Steel News
While increasing energy costs and the necessity to reduce carbon dioxide (CO2) emissions call for more energy efficient cars, trucks, machines and plants, the steel and stainless steel industries have focused on developing new steel grades with higher strength for...
Updated 1 hour 44 minutes ago Despite a record year, Tongaat Hulett’s starch and cellulose division was impacted by load-shedding during the year ended March 31, CEO Peter Staude said in a telephone interview on Monday. “The starch and glucose operation, which is the only wet-miller in...
Updated 2 hours 16 minutes ago The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
Updated 3 hours ago JSE-listed Rhodes Food Group grew its turnover 12.4% to R1.3-billion for the six months ended March 29, while normalised operating profit was up 17.3% to R126-million, the company reported at its interim results presentation on Monday. The company’s normalised...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...