VOL. XXXIX

No. 37

10-June-1996

SAUDI ARABIA

Davy International Wins $165Mn Deal For HADEED's Sponge Iron Plant

The Saudi Iron and Steel Company (HADEED), a wholly-owned affiliate of the Saudi Basic Industries Corporation (SABIC), last week awarded Davy International of the UK, a subsidiary of Trafalgar House, a contract worth SR619mn ($165mn) to build a sponge iron plant with a capacity of 1mn tons/year. The direct reduction plant, to be located at HADEED's steel complex in Jubail,...