Middle East Economic Survey
GIC To Establish Stainless Steel Project In UAE
The Gulf Investment Company (GIC) on 23 May announced plans for a $200mn project to establish a stainless steel project in the UAE. It will be implemented by GICs partly owned subsidiary United Stainless Steel Company. Other participants are Italys Danieli (which will build the plant), Steamcore of the UK (which will purchase and market most of the products outside the Gulf region) and...