VOL. XXXII
NO. 40
10-JULY-1989
SAUDI ARABIA
HADEED Signs Contract for New Steel Plant
The Saudi Iron and Steel Company (HADEED) has signed a contract to build asteel reduction plant with a capacity of 650,000 tons/year of sponge iron at itsJubail facilities. Construction of the new plant, which is part of HADEED'sexpansion plans, is scheduled to start in six months, with completion targetedfor 1991. HADEED - a joint venture owned 95% by the Saudi Basic IndustriesCorporation (SABIC) and 5% by DEG...
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