VOL. XXXII

NO. 15

16-JANUARY-1989

SAUDI ARABIA

HADEED to Diversify Output

The Saudi Iron and Steel Company (HADEED) - a joint venture owned 95% bythe Saudi Basic Industries Corporation (SABIC) and 5% by DEG of West Germany -is currently studying plans to diversify its output so as to produce 500,000tons/year of steel sheets and pipe. It is also involved in a pre-feasibilitystudy for the production of magnesium to be used in a special alloy. HADEED,which has a direct reduction plant for sponge...