Maaden, The Saudi Arabian Mining Company, signed financing contract on two joint ventures with Alcoa Inc. worth US$2.1 billion with the Public Investment Fund (PIF).
Ma'aden signs two joint ventures
Manufacturing
Middle East to become a major player in mining industry
A report by Deloitte said that in terms of production and investment opportunity, the Middle East is set to become a key player in the metals and mining industry.
New manufacturing facility launched in Jubail
SAUDI FAL and Emerson launched a new 9,000sqm manufacturing facility in Jubail to meet rising local and regional demand.
Iraq to build a US$1.1 billion smelter plant
The Kurdistan Regional Government (KRG) has licensed an Iraqi firm to build a smelter and steel plant worth nearly US$1.1 billion.
Jotun seeks Bahrain growth
Jotun Powder Coatings is currently eyeing Bahrain as its key market in 2011. The company has a 70 per cent market share in the GCC region excluding Saudi Arabia, where the Jotun group operates another manufacturing unit based in Dammam.
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