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Gulf Investors Plan to Build $400 Million Steel Plant in Oman  Join our daily free Newsletter

MENAFN - Saudi Press Agency - 04/09/2012

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(MENAFN - Saudi Press Agency) Investors from the United Arab Emirates, Saudi Arabia and Oman have announced a new joint venture to build a steel plant in Oman with a total capital of 400 million.

The announcement of the joint venture - named Dhofar Steel - was made Sunday at the end of the Gulf Partnership and Investment Forum in Salalah, Oman, according to a report published today by Saudi Gazette.

The shareholders include Al Suwaidi Group, Al Tuwairqi Group and Salalah Development Company.

The plant will produce one million tons of steel a year.

 






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