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Wednesday, April 24, 2019 6:48 GMT
Shumookh Investment and Services (SIS), the investment arm of the wholly Omani government-owned Public Establishment for Industrial Estates (Madayn), says it plans to set up a major steel project in the Sultanate with an investment totaling around US$400 million. The project is proposed to be developed by the Omani Brazilian Co for Steel Products LLC, a joint venture that includes Shumookh Investment as a 50% equity partner. Capacity is envisioned at roughly 400,000 tons per annum of pig iron...More