Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region, provided green financing to UAE-based Arabian Gulf Steel Industries (AGSI) to support its low-carbon steel production expansion. The funding is expected to strengthen AGSI’s position in the UAE market, where demand for environmentally certified construction materials continues to rise. 

AGSI has been recognised as the first global steel producer to achieve carbon neutrality certification and to operate a net-zero steel plant in the MENA region. The new financing will further support its role as a dedicated green steel supplier for the construction sector. 

The facility follows Emirates NBD’s Sustainable Finance Framework and aligns with the Green Loan Principles issued by the Loan Market Association (LMA). It reflects the growing integration of sustainability standards in industrial and steel-sector financing.