Financial Times FT.com

Industry: Steel and chemicals buttress oil revenues

By Robin Wigglesworth

Published: October 28 2009 16:51 | Last updated: October 28 2009 16:51

Abu Dhabi may be better known for its plans to build a carbon-neutral city and local branches of the Louvre and Guggenheim, but a hulking steel plant on the outskirts of the city may be a truer indication of the emirate’s post-oil future.

Entwined by a mass of green, purple and yellow pipes and surrounded by giant piles of raw iron ore, the Emirates Steel Industries (ESI) plant produces 2m tonnes of steel rebar, coils and plates a year.

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