Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

SAUDI ARABIA

Austrias VA Technologie Wins Hadeed Expansion/Modernization Project

Austrias VA Technologie announced on 28 July that its subsidiary Voest Alpine Industrieanlagenbau (VAI), as leader of a consortium, had been awarded a contract worth around 100mn by the Saudi Iron and Steel Company (Hadeed) for the expansion and modernization of an existing hot-rolling mill. The plant, in al-Jubail, was built by VAI in the 1990s. Under the new...