VOL. XLVII

No 01

5-January-2004

UAE

Plans For Private Steel Plant In Abu Dhabi

Al-Ghaith Holdings, a privately-owned company in Abu Dhabi, has announced plans to set up a Dh514mn ($140mn) integrated steel plant in the emirate, with eventual production capacity of 500,000 tons/year of direct reduced iron (DRI) and hot bracketed iron (HBI), including 300,000 t/y of billets. The complex, to be known as Hamil Steel, is scheduled to be operational by mid-2006. Al-Ghaith Holdings has signed agreements...