Middle East Economic Survey


No 26



ADIC Plans Fujairah Steel Plant

The Abu Dhabi Investment Company (ADIC) on 21 June announced plans to set up a steel plant in Fujairah in collaboration with local partners. The proposed plant will consist of a 1.2mn tons/year unit producing sponge iron, integrated with a 1.18mn t/y unit producing steel billets by means of a meltshop and continuous caster. The project, designed to supply the local market, will be based on cooperation...