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Steel investment from Saudi Arabia

Saudi Arabia plans to build 3 steel plants for $9.3 billion.

Steel investment from Saudi Arabia

Saudi Arabia plans to build an iron and steel plant at a cost of 35 billion riyals.

Saudi Minister of Industry, Bandar Bin Ibrahim Al Khoray, stated that they met with local and international events related to the promotional event at the Saudi International Iron and Steel Conference.

The Saudi Minister, Saudi Minister, stated that “the total production capacity of the SPA of the facilities is expected to be approximately 62 tons and a total of 35 billion riyals for the News Agency.

One of the projects is the construction of an integrated iron plate with a capacity of 1.2 million tons. will focus on equipment for shipbuilding, oil pipelines and oil depots. Another project is the integrated plate production facility in the minister's production process, as it can be consumed in an international way.

According to the news, there will be 4 million tons of cold rolled iron capacity. In addition, 200 thousand tons of tin iron and other products will be produced. It is expected to serve fashion, food packaging, candidate, water routes.

In addition, an oil coarse type facility will be established.

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