A new US$4 billion Rajhi steel facility was opened King Abdullah Economic City (KAEC) in Rabigh.
Manufacturing
Oman awards US$385mn aluminium deal
Dubai Oman Aluminium Rolling Company has awarded a US$385mn contract to an Italian company to build a production plant with a 160,000 tonne capacity.
Abdulla Al Masaood & Sons signs plastic pipes deal
Abu Dhabi-based Abdulla Al Masaood & Sons has signed a partnership agreement with Frankische Rohrwerke, a German manufacturer of corrugated plastic pipes.
US$1 billion expansion of Sohar steel plant
Jindal Shadeed Iron & Steel LLC believes that capital investments in its integrated steel complex at the Port of Sohar will total around US$1billion.
Rajhi Steel to build new heavy steel complex
Saudi-based Rajhi Steel plans to set up a US$4 billion heavy steel complex at King Abdullah Economic City (KAEC) and will obtain dry gas from Aramco, the Saudi Press Agency (SPA) reported.