Rolling steel mill planned at Mussafah

12 July 2002

Voest-Alpine Industries of the UK, part of the Austrian Voest Alpine Industrieanlagenbau (VAI) group, has signed a letter of intent (LoI) with Kuwait-based Gulf Investment Corporation to construct a cold-rolling steel mill at Mussafah in Abu Dhabi. 'We are working on the LoI and hope to sign a final agreement soon,' says a project source.

Estimated to cost $180 million, the proposed plant will have a capacity to produce 90,000 tonnes a year of various grades of stainless steel. It will take about two years to build.

A team led by the UK office of VAI, and including VAI Clecim of France and Linz-based VAI, will carry out the construction of the project on a turnkey basis.

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.

Get Notifications