VOL. XLII

No. 06

8-February-1999

UAE

Hyundai To Build Steel Rolling Mill

Hyundai Engineering and Construction Co. Ltd. of South Koreaannounced on 2 February that it had been awarded a $49mn contract to build asteel rolling mill in the UAE痴 Musaffah Industrial City. The plant willproduce 500,000 tons of steel bars annually. Construction will begin this monthand be complete by August 2000.