NO. 15



UAE Businessmen Consider New Steel Plant

A group of UAE businessmen and international companies are considering plansto build a 600,000 ton/year steel plant in Abu Dhabi or Dubai at an estimatedcost of $408mn. According to Mr. Hisham Talib of the UAE ContractorsAssociation, work on the project would start in a year's time. The plant willimport iron ore from Africa, Europe and Japan, and the UAE Government might takea share in the project, Mr. Talib said.