30.09.2008 - Oman to invest $ 5 bln in domestic steel industry in 2008
From Zawya.com: The Sultanate of Oman is aiming to become one of the Gulf region's top iron and steel producer, with plans to invest USD 5 billion to boost productivity and construct new facilities as part of the government's efforts to broaden the base of its economy for the coming years. With a clear directive to further strengthen its position in the country's fast growing construction market, Danube Building Materials, the leading player in the construction, interior decoration and shop fitting industry, has announced that it will be channelling AED 50 million to develop a new steel facility in Mabella, Oman which will further strengthen its position in the Sultanate..... Full Article: Source
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