Saudi Arabia's Al-Tuwairqi Group (ATG) is moving ahead with its plans to build a new steel complex in Sharjah's Hamriyah Free Zone. ATG has awarded a local firm identified as Sujjar the main seven-month construction package for a new profile factory for automatic fabrication and welding.
The project is part of ATG's estimated $800 million investment on various new steel units throughout the UAE. The plans include construction of a direct reduction iron (DRI) unit, a steel meltshop with capacity of 1 million tonnes a year (t/y) and a separate rolling mill. However, technical issues appear to have delayed the project, with work on the main complex unlikely to begin until the third quarter.'Things are a little up in the air at the moment,' says a project source 'We shall see what happens in the next two-to-three weeks.' ATG has still to secure a gas supply agreement. (MEED 2:9:05).
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.