A new US$4 billion Rajhi steel facility was opened King Abdullah Economic City (KAEC) in Rabigh.
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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.
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Abu Dhabi-based Abdulla Al Masaood & Sons has signed a partnership agreement with Frankische Rohrwerke, a German manufacturer of corrugated plastic pipes.
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Jindal Shadeed Iron & Steel LLC believes that capital investments in its integrated steel complex at the Port of Sohar will total around US$1billion.
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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.
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