Middle East Economic Survey
VOL. XLVII
No 26
28-June-2004
UAE
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...
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