Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

UAE

Al-Tuwairqi Group To Establish Steel Mill In Sharjahs Hamriyah Free Zone

Saudi Arabias Al-Tuwairqi Group has finalized plans to invest $820mn in a steel-making facility in Sharjahs Hamriyah Free Zone, Arab News reported on 4 September. The first phase of the plan will involve the construction of a 1mn tons/year steel mill to help satisfy booming UAE steel demand, now running at 2.5mn t/y. Additional units will include automatic...