Middle East Economic Survey
SABIC Awards Four Contracts To Expand Hadeed Steel Production
Saudi Basic Industries Corporation (SABIC) announced on 1 November that it had signed four agreements for projects to expand production of its Saudi Iron and Steel Company (Hadeed) subsidiary from the 2003 capacity of 3.9mn tons of long and flat steel products to 5.5mn tons/year in 2006. Hadeed is located in al-Jubail. The first contract is with Saudi...