Middle East Economic Survey

VOL. LIV

No 17

25-Apr-2011

SAUDI ARABIA

Rajhi Steel Announces Plans To Build $4Bn Complex

Riyadh-based Rajhi Steel revealed on 18 April plans to construct a SR15bn ($4bn) heavy steel complex in the King 'Abd Allah Economic City (KAEC) located in the north of Jiddah. The complex will be fuelled by dry gas provided by state-owned oil company Saudi Aramco, Saudi Press Agency said in a statement. It added that plans were also in place for the firm to later offer 50%...