Saudi Air Force to participate in Cobra Warrior 25-1 exercise in UK    Saudi Arabia assumes presidency of GlobeE anti-corruption network    GACA chief affirms Saudi support for innovation in civil aviation sector    60 Saudi relief trucks cross Hail en route to Syria    Sanofi is transferring its global expertise in insulin production to Saudi Arabia, aligning with Vision 2030 program    FM Prince Faisal leads Saudi delegation attending AI Action Summit in Paris    Maya Diab joins Arab stars and celebrities in celebrating the Centrepoint Ramadan 2025 collection launch at Riyadh Boulevard    Riyadh Season draws 19 million visitors in 4 months    New Zealand and Cook Islands fall out over China deal    US justice department tells prosecutors to drop NYC mayor's corruption case    Strongest earthquake yet hits Santorini amid seismic crisis    Earth's inner core may have changed shape, say scientists    Schools across Saudi Arabia start celebrating Founding Day in an air of festivity    Oilatum tackles rise in Eczema and Dry Skin in Saudi Arabia    HONOR brings together AI and luxury with PORSCHE DESIGN HONOR Magic7 RSR at LEAP 2025    Eagles win Super Bowl LIX to end the Chiefs' dream of a three-peat    Chinese film stirs national pride, rakes in $1bn in days    Sharifa Al-Sudairi makes historic debut at Asian Winter Games    Ivan Toney's brace secures Al Ahli victory over Al Fateh in Saudi Pro League    Al Nassr reclaims third place with 3-0 victory over Al Fayha as Jhon Durán shines    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Gulf Investors Plan to Build $400 Million Steel Plant in Oman
Saudi Press Agency Published in Saudi Press Agency on 03 - 09 - 2012

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.

Clic here to read the story from its source.