Jindal Shadeed Iron & Steel LLC believes that capital investments in its integrated steel complex at the Port of Sohar will total around US$1billion.
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.
Honeywell announced that it has been selected by Samsung Engineering Co., Ltd. to deliver an integrated process control system for FERTIL-2, a new fertiliser plant being built near Abu Dhabi in the United Arab Emirates.
The Gulf Organisation for Industrial Consulting (GOIC) is looking at establishing four manufacturing industries in Qatar to increase smoother integration between the GCC states.
Rusal, the worlds largest aluminium producer, said that it sees steady output growth in 2011 for aluminium, driven by strong demand from China and a rebound in North America.