Middle East Economic Survey

VOL. LII

No 38

21-Sep-2009

UAE

ESI Signs $474Mn Contract With Danielli For New Rolling Mill

Emirates Steel Industries (ESI), a subsidiary of state-owned Abu Dhabi Basic Industries Corporation, announced on 14 September that it had signed a Dh1.74bn ($474mn) contract with Italys Danielli Corporation for the construction of Phase 2 B of the companys overall Dh9bn ($2.45bn) expansion plan in Musaffah, Abu Dhabi. Danielli will be the contractor for construction of a heavy...