Baosteel is the world?s fifth largest steel maker with an annual turnover of US$130bn. (Image source: Alex Freeman/Pixabay)
China?s Baosteel has announced plans to cooperate with Iran in the steel industry and mining sector
Investments in the plant, that total around US$46mn, are to be split between four main shareholders. (Image source: Sohar Port and Freezone)
Oman?s Sohar Port and Freezone have recently signed a 35,000 sq m landlease agreement for a major new copper tube mill worth US$46mn at the freezone
GCC aluminium production constitutes 10 per cent of the total world production and is considered one of the key economic drivers for the Gulf region. (Image source: Pavel L/Shutterstock)
The collective output of primary aluminium by the five GCC producers ? Emirates Global Aluminium in UAE, Alba in Bahrain, Ma?aden Aluminium in Saudi Arabia, Qatalum in Qatar and Sohar Aluminium in Oman ? stood at 5.27mn tonnes in 2015
Global aluminium prices have been under pressure due to the output from China. (Image source: George Estreich/Flickr)
Aluminium Bahrain (Alba) has announced that its Q2 2015 output went up by 3.1 per cent, compared to the same quarter last year, despite challenging market conditions
The expansion is expected to increase Alba?s production capacity to 1.45 MT a year. (Image source: NorskHydroASA/Flickr)
Aluminium Bahrain (Alba) has received approval from the government to expand Line 6, cost of which could reach US$3.5bn and increase overall output of aluminium by 50 per cent
