VOL XL

No. 03

20-January-1997

QATAR

Qatar Plans $400Mn Joint Venture Steel Plant

Qatar is planning to set up a joint venture - the QatarHot Briquetted Iron Company (QABICO) - with a group of Gulf, Japanese and US/Italian firmsto construct a $400mn plant for the production of hot briquetted iron (HBI) for themanufacture of steel with a capacity of 2mn tons/year. The joint venture agreement isscheduled to be signed in mid-February and will include as partners the Qatar SteelCompany (QASCO - owned...