Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

SAUDI ARABIA

SABICs HADEED Awards Steel Plant Contract To Italys Danieli

Saudi Iron and Steel Company (HADEED), a subsidiary of Saudi Basic Industries Corporation (SABIC), signed an agreement with Italian firm Danieli on 14 November for the construction of a steel plant and production line for galvanizing long products in Jubail. HADEED said the new plant will have production capacity of 1mn tons/year of steel billets, helping to make it...