No. 47



GIC Plans New Steel Plant For Abu Dhabi

The General Industry Corporation (GIC) of Abu Dhabi is planning to set up a $100mn steel plant to meet the needs of the UAE construction industry. The plant which will have an annual capacity of 500,000 tons of steel bars and rods, will be built at Tawilah, 80kms. north of Abu Dhabi town. GIC has received bids for the supply of equipment worth some $70mn from three companies. Construction of the plant's building...