Brazilian miner Vale and local authorities and clients in Saudi Arabia, the United Arab Emirates and the Oman Sultanate have signed three agreements for the development of studies related to the construction of industrial Mega Hubs, to produce low carbon products to serve the steel industry. The Mega Hubs will produce hot briquetted iron and steel products that will serve the local and transoceanic markets, with significant reduction of C02 emissions. Saudi Arabia's National Industrial Development Center has signed a memorandum of understanding with Vale to develop a 4 million tonnes per year capacity high-quality iron ore pellet production facility in Ras Al-Khair Industrial City. The site on the kingdom’s east coast will also have a logistics centre Vale has signed a MoU with the UAE’s Emirates Steel Arkan for a plant at the Khalifa Economic Zones Abu Dhabi Vale has also signed cooperation memorandum with Oman’s Commerce Ministry for a mega hub to be implemented in Duqm HBI production from natural gas has C02 emissions 60% lower, when compared to the conventional technological route of blast furnace and basic oxygen furnace. Vale already has 11 million tonnes per year of iron ore pellet production capacity in Oman.