Saudi Arabia
Saudi SABIC to sell its steel division for $3.33 billion

The deal is expected to close by the end of the first quarter of 2024
Baosteel, Saudi Aramco and PIF will build a steel plant in Saudi Arabia

The enterprise is planned to be commissioned by the end of 2026
Saudi Arabia is creating a company to invest in mining assets

The initial capital of the new company will be $50 million
Vale to build a pellet plant in Saudi Arabia

The company signed a memorandum of understanding with the National Center for Industrial Development of Saudi Arabia

Essar Group invests $4 billion in a steel plant in Saudi Arabia

The project to be completed by the end of 2025

Saudi SeAH Gulf Special Steel has entered into an agreement for the construction of a pipe plant

Commercial operation of the facility is expected to begin by 2025

Saudi Arabia to build three steel plants for $9.3 billion

The total production capacity of the enterprises will be more than 6 million tons of steel products per year
Chinese investors to build a steel plant in Saudi Arabia

As part of the signed agreement, there is a plan to construct a EAF steel plant

Saudi Arabia’s industrial production index rose 27% in April

The indicator continues to show growth amid high activity in mining, quarrying and industry