VOL. XXXIX
No. 29
15-April-1996
SAUDI ARABIA
SABIC Awards Contract For New HADEED Plant
The Saudi Basic Industries Corporation (SABIC) has awarded a SR3.3bn ($880mn) contract to Austria's Voest-Alpine and its local subsidiary Saudi Voest for the construction of a steel plant at the Jubail complex of the Saudi Iron and Steel Company (HADEED), a wholly-owned affiliate of SABIC. The plant is scheduled to start up in 1999 with an initial capacity of 850,000 tons/year rising to 1mn t/y at a...
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