Saudi Arab’s Minister of Industry & Mineral Resources Mr Bandar Al-Khorayef during his inaugural speech at the Saudi International Iron and Steel Conference said that the Ministry is working with local and international investors to establish a variety of investment opportunities in the iron and steel sector in the Kingdom. Three projects are being constructed, with a combined production capacity of 6.2 million tonnes and a value of around SAR 35 billion.The main project entails building an integrated iron surface production complex with an annual capacity of 4 million tonnes of hot rolled steel and 1 million tonnes of cold rolled steel, as well as 200,000 tonnes of tinplates & other products. The complex intends to serve the automotive, food packaging, household appliances, and water transportation pipe sectors.The construction of an integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is also one of the projects, with the complex focusing on shipbuilding, oil pipes and platforms, and enormous oil reservoirs. Additionally, a factory will be established to produce round billets with an estimated production capacity of 1 million tons per year, which will feed seamless pipe plant for oil and gas industry
Saudi Arab’s Minister of Industry & Mineral Resources Mr Bandar Al-Khorayef during his inaugural speech at the Saudi International Iron and Steel Conference said that the Ministry is working with local and international investors to establish a variety of investment opportunities in the iron and steel sector in the Kingdom. Three projects are being constructed, with a combined production capacity of 6.2 million tonnes and a value of around SAR 35 billion.The main project entails building an integrated iron surface production complex with an annual capacity of 4 million tonnes of hot rolled steel and 1 million tonnes of cold rolled steel, as well as 200,000 tonnes of tinplates & other products. The complex intends to serve the automotive, food packaging, household appliances, and water transportation pipe sectors.The construction of an integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is also one of the projects, with the complex focusing on shipbuilding, oil pipes and platforms, and enormous oil reservoirs. Additionally, a factory will be established to produce round billets with an estimated production capacity of 1 million tons per year, which will feed seamless pipe plant for oil and gas industry
