Danube Building Materials has announced plans to invest Dhs40m ($11m) in the fast-growing steel market in Bahrain. Company officials said the investment is part of Danube's plans to target the thriving construction market in Bahrain. The company had expanded its operations to the kingdom in 2007. In addition to its Bahrain-based expansion, Danube has recently announced its plans to invest Dhs50m in a new steel facility in Oman and Dhs200m in the steel industry in UAE in 2008.