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Iron And Steel In The Kingdom Of Saudi Arabia
The Ministry of Industry and Mineral Resources in Saudi Arabia announced yesterday, Monday, three new projects in the iron sector, at a value of 35 billion riyals, with local and foreign investments.
The announcement came during the second Saudi international conference for iron and steel.
In an interview with “Al -Arabiya”, Matar Al -Harthy, Executive Vice President of Minerals and Mining at the National Center for Industrial Development in Saudi Arabia, revealed that projects will provide products that are not yet present in the Middle East region, and that the participation of global companies exceeds 50% in some of these projects with capital And also technologies .
He explained that the three projects that are being developed with the participation of local and international investors seek to settle a number of important and necessary products in important industries.
Al -Harthi pointed out that the national plan for the structure of the iron and steel sector in the Kingdom, which was announced by the Minister of Industry and Mineral Resources, is considered distinctive and comprehensive for all challenges and obstacles, and aims to define the main strengths and pillars to attract new investments to the sectors