Shyam Steel Group’s US$16.3M recycling plant in Hamriyah targets 30,000T non-ferrous capacity

UAE – Shyam Steel Group has inaugurated its first overseas manufacturing facility in Sharjah’s Hamriyah Free Zone with an AED 60 million (US$16.34 million) investment, establishing a 30,000 tonne annual recycling capacity for aluminium and copper alloys while creating 100 jobs across Middle East, African and Asian export markets.

The 215,000 sq. ft. facility, operated by Shyam Middle East FZC, processes recycled non-ferrous metals into 24,000 tonnes of aluminium alloys and 6,000 tonnes of copper alloys annually, serving automotive, electrical and construction industries. 

The project marks the Indian group’s first international expansion outside India, leveraging Hamriyah’s deep-water port and connectivity to global shipping routes. 

Phased US$40.84M Expansion to Double Workforce and Add Rare Earth Metals

A future phased investment of AED 150 million (US$40.84 million) will double direct employment to 100 workers and add indirect job creation. 

Future phases include manufacturing special alloy steel and rare earth metals, broadening the company’s export portfolio across the Middle East, Africa, Asia and Europe. 

The facility has already secured IATF 16949 certification for automotive industry applications, with quality assurance systems and technical laboratories ensuring international standards.

Hamriyah’s Industrial Ecosystem Supports Circular Economy and UAE’s Operation 300bn Goals

H.E. Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, stated that Shyam Steel’s decision to launch its first international investment from Hamriyah reflects growing global confidence in Sharjah as a strategic manufacturing destination. 

The facility supports the UAE’s National Strategy for Industry and Advanced Technology (Operation 300bn) and the ‘Make it in the Emirates’ initiative by strengthening the circular economy and increasing value addition across the industrial sector. 

Siddharth Beriwal, Director of Shyam Middle East FZC, explained that Hamriyah’s world-class infrastructure, flexible investment policies and direct access to port and airport networks created the ideal platform for regional and global expansion. 

The free zone, home to 6,500 companies from 160 countries and ranked second globally among large free zones in 2024, offers 100% foreign ownership, tax incentives, VAT-free transfers and unrestricted repatriation of capital and profits.

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