MEED Middle East Economic Digest back issues from August 2002:
Sudan peace talks gather momentum. (Seven Days).(Brief Article)
Aug 02, 2002 ... The latest round of peace talks in Uganda in late July marked the first meeting between President Omar al-Bashir of Sudan and rebel leader John Garang of the Sudan People's Liberation Army (SPLA). "The most important next step ...is to confirm the willingness of both parties to cease ...
Doubts over Iraq invasionaired in Senate debate. (Seven Days).(Brief Article)
Aug 02, 2002 ... The US Senate foreign relations committee on 31 July opened hearings on the administration's aims to overthrow the regime of President Saddam Hussain. Several of the experts invited to address the committee expressed serious reservations about the use of military force against Iraq. King ...
Hamas strikes back. (Seven Days).(bombing at Hebrew University)(Brief Article)
Aug 02, 2002 ... Five US nationals and two Israelis were killed on 31 July when a bomb exploded at the Hebrew University in Jerusalem. The Palestinian Hamas group said the attack was "a first response" to the Israeli bombing of a residential area of Gaza City on 22 July which killed 17 Palestinians, ...
Professor Saadeddin Ibrahim was on 29 July sentenced for the second time to seven years in prison. (News in Brief).(Egypt)(Brief Article)
Aug 02, 2002 ... Egypt Professor Saadeddin Ibrahim was on 29 July sentenced for the second time to seven years in prison on charges relating to the activities of a political research centre he heads. Details of the state security court's verdict will be released within a month. He faced charges of ...
A disgruntled Education & Higher Education Ministry employee opened fire on colleagues on 31 July, killing eight people. (News in Brief).(Lebanon)(Brief Article)
Aug 02, 2002 ... Lebanon A disgruntled Education & Higher Education Ministry employee opened fire on colleagues on 31 July, killing eight people ....
Former Oftel chief to head MEED/ITIM telecoms mission.(Bryan Carsberg, International Trade and Investment Missions)(Brief Article)
Aug 02, 2002 ... Sir Bryan Carsberg, the former director-general of telecommunications at the Office of Telecommunications (Oftel), will lead the MEED/International Trade & Investment Missions (ITIM) telecommunications and IT delegation to Riyadh on 22-25 September 2002. The mission has the active support ...
Time was.
Aug 02, 2002 ... 3 August 1962 A team of the Ben Laden Company of Saudi Arabia and Marubeniida Company of Japan wins a contract to repair sections of the Hejaz railway in Jordan and Saudi Arabia 1 August 1987 Iraq commissions a second oil ...
Finding a place in the sun. (Cover Story: Tourism).(Middle East tourism industry)(Cover Story)(Statistical Data Included)
Aug 02, 2002; ... The Middle East's tourism sector is a past master at spectacular comebacks after major political crises. Now it is facing the double effect of security fears and a poor economic climate. Angus McDowall and Ashok Dutta report on the region's efforts to overcome the bad publicity and restore ...
Dubal signs up more banks: aluminium producer secures new loans for expansion project. (Banking & Finance).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... A further six local and international institutions have signed separate loan financing deals with Dubai Aluminium (Dubal) for the proposed Kestrel expansion project and related works. The new agreements, all for 10 years, bring the total amount of commercial funding Dubal has so far ...
Tabreed signs financing deal with HSBC. (Banking & Finance).(National Central Cooling Co.)(Brief Article)
Aug 02, 2002 ... The local National Central Cooling Company (Tabreed) signed on 30 July a AED 91 million ($25 million) Islamic financing agreement with HSBC to finance the construction of two district-cooling plants at Muroor street and Zayed Sports City in Abu Dhabi emirate. The eight-year ...
BMB Investment Bank. (News in Brief).(profits data)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Regional Bahrain-based BMB Investment Bank has posted its third consecutive quarterly profit, reaffirming its return to profitability after full-year losses in 2001 and 2000. BMB's net profit for the first half of 2002 stood at $6.3 million, compared with a net loss of $14.1 million in the ...
Provisions take shine off solid CIB results. (Banking & Finance).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Net profits at Commercial International Bank (Egypt - CIB) fell by 7.6 per cent in the first half of 2002 to [pounds sterling]E 178.9 million ($39.7) million, compared with [pounds sterling]E 193.6 million ($42.9 million) in January-June 2001. The main reason for the decrease in net income ...
DIFC legal framework takes shape. (Banking & Finance).(Brief Article)
Aug 02, 2002 ... Legislation that will pave the way for a federal decree governing the Dubai International Financial Centre (DIFC) will be in place by October, Anis al-Jallaf, chairman of DIFC, told MEED on 27 July. Drafts of the law, which sets out the market's regulatory boundaries, are being ...
Bids submitted for Bab EPC contract: capacity to be raised to 350,000 b/d at onshore field. (Oil & Gas).(engineering, procurement, construction)(Brief Article)
Aug 02, 2002 ... Four groups of companies submitted technical bids by 30 July for the engineering, procurement and construction (EPC) contract on the Bab field development (MEED 24:5:02). The bidders are: Paris-based Technip-Coflexip, with the local National Petroleum Construction Company; ...
First award on Salman. (Banking & Finance).(Saff Offshore contract)(Brief Article)
Aug 02, 2002 ... The first offshore package has been awarded and proposals have been submitted for a second on the Salman oil and gas field development scheme. The client on the project, Jersey-registered Petro Iran, is also pressing ahead with the prequalification of companies for the estimated $200 ...
Two more local banks -- Burgan Bank and Commercial Bank of Kuwait (CBK) -- have announced profits for first-half 2002. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Kuwait Two more local banks -- Burgan Bank and Commercial Bank of Kuwait (CBK) -- have announced profits for first-half 2002. Burgan Bank posted a 22.2 per cent increase in net profits to KD 11 million ($35 million) against the corresponding period last year. "The rise in profits was ...
Union Water & Electricity Company (UWEC), fully owned by the Abu Dhabi government. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE Union Water & Electricity Company (UWEC), fully owned by the Abu Dhabi government, signed on 29 July the $950 million bridge loan no finance the construction of its 555-MW, 100 million-gallon-a-day power and desalination plant at Qidfa in Fujairah emirate. The facility, lead arranged ...
Manama-based United Gulf Bank (UGB) has announced net profits of $7.3 million for the first half of the year, a 58.7 per cent increase on the corresponding period last year. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Regional Manama-based United Gulf Bank (UGB) has announced net profits of $7.3 million for the first half of the year, a 58.7 per cent increase on the corresponding period last year. "The rise in profits is largely ...
UBS subsidiary Noriba Bank, an Islamic banking services provider for private investors and institutions, is set to open for business in Bahrain in September 2002. (News in Brief).(Brief Article)
Aug 02, 2002 ... Regional UBS subsidiary Noriba Bank, an Islamic banking services provider for private investors and institutions, is set to open for business in Bahrain in September 2002. UBS on 30 July announced that the initiative aimed at establishing the bank in the increasingly lucrative global ...
Bids in for Elephant GOSP. (Oil & Gas).(gas/oil separation plant)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Prices have been opened for one of the main packages on the estimated $500 million-600 million development of the Elephant field in Block NC-174 in the Murzuk basin. The mid-July bid submission followed a prolonged tendering process, during which the client, a team of UK-based Lasmo -- now ...
NPCC wins AI-Khalij expansion. (Oil & Gas).(National Petroleum Construction Co.)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Abu Dhabi's National Petroleum Construction Company (NPCC) signed on 25 July the engineering, procurement and construction (EPC) contract for the Al-Khalij field expansion project. Placed by TotatFinaElf E&P Qatar, the 20-month contract, valued at an estimated $60 million, will raise ...
Sharjah to expand gas distribution network. (Oil & Gas).(Sharjah Electricity and Water Authority)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... A local/Canadian joint venture of SS Lootah and BC Gas International has started work on the third-phase expansion of the Sharjah natural gas distribution network. Estimated to be worth $15 million, phase 3 covers the laying of about 30 kilometres of pipelines, the supply and installation ...
Ocean Energy. (News in Brief).(to spend $165-215 million in oil field development)(Brief Article)
Aug 02, 2002 ... Egypt Ocean Energy of the US has agreed to invest $175 million-215 million over the next five years in developing the East Zeit field in the Gulf of Suez. Petroleum ...
Dover Investment. (News in Brief).(signs concession accord for East Wadi Araba block)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Egypt Canada's Dover Investment has signed a concession agreement for the East Wadi Araba block in the Gulf of Suez. The company is to invest at least $12 million over seven years in drilling six wells in the block, which ...
Jersey-registered Petro Iran is preparing to start drilling in August, two months earlier than planned, at the Foroozan and Esfandiar offshore oil fields, located about 95-100 kilometres southwest of Kharg island. (News in Brief).(Brief Article)
Aug 02, 2002 ... Iran Jersey-registered Petro Iran is preparing to start drilling in August, two months earlier than planned, at the Foroozan and Esfandiar offshore oil fields, located about 95-100 kilometres southwest of Kharg island. The move follows the recent completion of the interpretation of 3D ...
OPEC members make case for quota changes. (Oil & Gas).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... The oil price remained largely unchanged in late July, held up by fears over Iraq but pressured by a rise in US crude stocks. However, there is increasing evidence that OPEC members are becoming anxious to raise their output. Venezuela in late July said its 2002 oil revenues ...
Kuwait National Petroleum Company. (News in Brief).(extends contract bidding deadline for desulphurization unit)(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Kuwait Kuwait National Petroleum Company has extended the bid deadline to 25 August for the contract to revamp the atmospheric residue desulphurisation (ARDS) unit at Mina Abdullah refinery. The engineering, procurement and construction ...
Kuwait National Petroleum Company has requested bidders for the consultancy contract on a scheme to increase the storage capacity of three oil refineries at Mina al-Ahmadi, Mina Abdullah and Shuaiba. (News in Brief).(Brief Article)
Aug 02, 2002 ... Kuwait Kuwait National Petroleum Company has requested bidders for the consultancy contract on a scheme to increase the storage capacity of three oil refineries at Mina al-Ahmadi, Mina Abdullah and Shuaiba to extend their bid validity bands to 14 August. The bidders are US-based Foster ...
Triton Energy Oman has moved a step closer to producing gas from Block-40, located off the coast of Musandam. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Oman Triton Energy Oman has moved a step closer to producing gas from Block-40, located off the coast of Musandam. Initial 3D seismic tests indicate estimated recoverable gas reserves of between 1.1 trillion cubic feet (tcf) and 3.3 tcf. In late July the company's borehole-drilling vessel ...
Four international companies have submitted bids for a contract to carry out front-end engineering and design (FEED) work for the pipeline package covering the proposed Khubai gas development project in Dubai emirate. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE Four international companies have submitted bids for a contract to carry out front-end engineering and design (FEED) work for the pipeline package covering the proposed Khubai gas development project in Dubai emirate. The bidders are Parsons Brinckerhoff International, Parsons ...
Chiyoda wins SIPC methanol: BDO/MAN plant to be retendered in the autumn. (Petrochemicals).(Saudi International Petrochemical Co., butanediol/maleic anhydride)(Brief Article)
Aug 02, 2002 ... Japan's Chiyoda Corporation has won the main engineering, procurement and construction (EPC) package for the Saudi International Petrochemical Company (SIPC) methanol plant in Jubail. However, plans to build a butanediol (BDO) and maleic anhydride (MAN) plant alongside the methanol plant ...
A bid deadline of 7 September has been set for the main engineering, procurement and construction (EPC) contract on the Saudi Arabian Fertiliser Company (Safco) expansion. (News in Brief).(Brief Article)
Aug 02, 2002 ... Saudi Arabia A bid deadline of 7 September has been set for the main engineering, procurement and construction (EPC) contract on the Saudi Arabian Fertiliser Company (Safco) expansion. Bidders for the estimated $400 million-500 million project include the US' Halliburton KBR, Germany's ...
Bids in for Jeddah hub expansion: tenders due at the start of 2003 for construction of two new terminals at King Abdulaziz International Airport. (Construction).(Brief Article)
Aug 02, 2002 ... Seven companies submitted bids on 31 July for the project management consultancy (PMC) contract for the expansion of King Abdulaziz International Airport in Jeddah. The companies are Bechtel, CH2M Hill, Parsons International, Parsons Brinckerhoff International and Turner International, all ...
New engineering complex planned at Dubai airport. (Construction).(Brief Article)
Aug 02, 2002 ... Dubai's Department of Civil Aviation has invited companies to submit bids by 12 August for a contract to build a new engineering facilities complex as part of the $2,500 million Dubai International Airport expansion scheme (MEED 1:2:02). Called PQ 05, the seven-month package is ...
The local United Engineering Construction (UNEC) has received a letter of intent for a AED 178.8 million ($49 million) contract to build the Dubai Textile City, to be setup at Al-Warsan near Ras al-Khor. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE The local United Engineering Construction (UNEC) has received a letter of intent for a AED 178.8 million ($49 million) contract to build the Dubai Textile City, to be setup at Al-Warsan near Ras al-Khor. The 18-month contract involves the construction of 66 warehouses and showrooms, ...
Dubai International Airport. (Construction).(hangar project bidders)(Brief Article)
Aug 02, 2002 ... UAE Seven international firms submitted bids by 27 July for the design contract covering a major hangar project at Dubai International Airport. They are Halcrow, Mott MacDonald, Maunsell Consultancy Services, WS Atkins International and Scott Wilson Kirkpatrick, all of the UK, France's ...
Bactec International of the UK and UK-based MineTech International have been awarded contracts for the second phase of the $50 million Operation Emirates Solidarity. (News in Brief).(Lebanon)(Brief Article)
Aug 02, 2002 ... Lebanon Bactec International of the UK and UK-based MineTech International have been awarded contracts for the second phase of the $50 million Operation Emirates Solidarity. Funded by the UAE, the aim of the project is to clear some 100,000 mines and unexploded ordnance from the former ...
The UK/local Tarmac Alawi has selected three local contractors to carry out the main structural works packages on the Qasr al-Alam palace guest complex project. (News in Brief).(Oman)(Brief Article)
Aug 02, 2002 ... Oman The UK/ local Tarmac Alawi has selected three local contractors to carry out the main structural works packages on the Qasr al-Alam palace guest complex project. They are Douglas OHI, Oman Shapoorji Construction Company and Al-Turki Enterprises. Each contract is valued at about RO 3 ...
Design work for the proposed UpTown Mirdiff project in Dubai is due to be completed by March. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE Design work for the proposed UpTown Mirdiff project in Dubai is due to be completed by March. Estimated to cost AED 300 million ($82 million), the mixed-use project will include the construction of 150 villas and 350 residential apartments, shopping malls, food outlets, a cinema ...
The local Al-Hamed development & construction has received a letter of award for the contract to expand the residential complex at the onshore Habshan oil field. (News in Brief).(UAE)(Brief Article)
Aug 02, 2002 ... UAE The local Al-Hamed Development & Construction has received a letter of award for the contract to expand the residential complex at the onshore Habshan oil field. Worth AED 82.9 million ($22 million), the 18-month contract involves the construction of ...
Multiplex wins Dubai tower. (Construction).(Nasa Multiplex )(Brief Article)
Aug 02, 2002 ... The local/Australian Nasa Multiplex has been awarded an estimated AED 228 million ($62 million) contract covering the main package for the proposed Shaikh Ahmed tower project in Dubai (MEED 24:5:02). About 10 local and international companies priced the contract, which calls for ...
The US Army Corps of Engineers (USACE) has announced details of a $5 million-10 million project. (News in Brief).(Qatar)(Brief Article)
Aug 02, 2002 ... Qatar The US Army Corps of Engineers (USACE) has announced details of a $5 million-10 million project to build housing for military personnel at Camp Saliyah on the outskirts of Doha. The project centres on the construction of two buildings with ...
Qatar Islamic Bank (QIB) has announced the signing of a QR 41 million ($11.3 million) istisna contract to finance the construction of the Al-Faisal tower project in the West Bay area of Doha. (News in Brief).(Brief Article)
Aug 02, 2002 ... Qatar Qatar Islamic Bank (QIB) has announced the signing of a QR 41 million ($11.3 million) istisna contract to finance the construction of the Al-Faisal tower project in the West Bay area of Doha. The office tower will be built by the local ...
Egyptian National Railways. (Transport).(investments)(Brief Article)
Aug 02, 2002 ... Egypt Prime Minister Atef Obeid has approved a four-year plan to invest [pounds sterling]E 1,388 million ($308 million) in total, in improving the rolling stock on the country's railways. Most of the project will entail the production of new carriages and the upgrading of existing ...
MEW considers 1,000-MW power station: options weighed for meeting projected supply shortfall. (Power & Water).(Bahrain Ministry of Electricity and Water)(Brief Article)
Aug 02, 2002 ... The Ministry of Electricity & Water (MEW) is considering the construction of a 1,000-MW combined cycle power plant. "We are at a very preliminary stage but our demand forecasts show that Bahrain will need a plant of this size within the next 10 years," says a ministry source. "One option ...
Bids due for Abu Dhabi substations. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Bids are due to be returned by 8 August for the first package on the 400-kV interconnection and related facilities project in Abu Dhabi. Package 1, estimated to be worth AED 200 million ($54 million), involves the supply and installation of two 400-kV substations to be located on the ...
Tender issued for Alba power. (Power & Water).(Brief Article)
Aug 02, 2002 ... Seven companies are preparing to bid by 6 October for the main engineering, procurement and construction (EPC) contract on the project to expand generating capacity at Aluminium Bahrain (Alba). The new capacity will supply power to Alba's fifth potline which is to be built by US-based ...
Power awards await UN clearance. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... UAE-based Masaood John Brown (MJB) International is awaiting UN approval for three contracts valued at $34 million in total to refurbish turbines and generating equipment at the Taji and Halleh power plants. The client is the General Establishment for Electricity Production. The ...
Kharafi bids low for Subiya water package. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... The local Mohamed Abdulmohsin Kharafi & Sons has submitted a low bid of KD 6.3 million ($20 million) for the C-2 package covering the proposed water storage and distribution complex at Subiya (MEED 26:4:02). Its offer is some 3 per cent lower than the next quote of KD 6.5 ...
Morganti, Ondeo sign Samra BOT. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... The Water & Irrigation Ministry has signed a $154.4 million agreement with an international consortium for the construction of a wastewater treatment plant at Kherbet al-Samra, near Zarqa. The Samra Plant Consortium (SPC), which comprises Ondeo of France and Morganti, the US affiliate of ...
Bidders line up for Tehran wastewater. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Four companies are competing for the contract to build a wastewater treatment plant in Tebran, following the submission of bids to Tehran Sewerage Company (TSC) in mid July. The plant is part of a larger scheme to install a comprehensive sewerage network in the capital aimed at providing ...
Agami treatment plant out to tender. (Power & Water).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... The Alexandria General Organisation for Sanitary Drainage (AGOSD) has invited bids by 15 September for a major new wastewater project in Agami, on the western outskirts of the city. The scheme is one of three large new water and wastewater schemes going ahead in Alexandria, with a variety ...
Sumitomo Fuji Corporation. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Bahrain Japan's Sumitomo Fuji Corporation signed on 24 July a BD 12 million ($31.5 million) contract to install tour 220-kV substations and extend the working life of a number of existing units. The work forms ...
The Egyptian Electricity Holding Company has invited bids by 23 September for the first lot in a German-financed programme of improving efficiency and reducing pollution at the Ataka and Demanhour power stations. (News in Brief).(Brief Article)
Aug 02, 2002 ... Egypt The Egyptian Electricity Holding Company has invited bids by 23 September for the first lot in a German-financed programme of improving efficiency and reducing pollution at the Ataka and Demanhour power stations. The tender calls for burner modifications and the installation of ...
Cairo Electricity Production Company. (News in Brief).(Brief Article)
Aug 02, 2002 ... Egypt Bids have been invited by 3D September for the electrical equipment and instrumentation installation package on the 750-MW Cairo North ...
The Public Authority for Industry (PAI) has extended the deadline to 20 August. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Kuwait The Public Authority for Industry (PAI) has extended the deadline to 20 August for its first build-operate-transfer (BOT) project. Estimated to cost KD 5 million-6 million ($16 million-19 million), the project calls for the design, construction and maintenance of ...
The Ministry of Electricity & Water has extended the bid deadline to 11 August. (News in Brief).(Brief Article)
Aug 02, 2002 ... Kuwait The Ministry of Electricity & Water has extended the bid deadline to 11 August for the contract to supply and install three substations. Two 132/11-kV substations will be installed at Shuhada B and Abdullah al-Salem. The third, 132/33/11-kV substation, will be ...
Lahmeyer International. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE The bid closing date has been extended by seven weeks to 15 October for the first-phase contract on the Jebel Ali L power and desalination project. The Dubai Electricity & Water Authority (DEWA) contract calls for the installation of 650-700 MW of power capacity and 70 million gallons ...
Bids have been opened for three 132-kV substation projects in the southern, and western regions. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... Saudi Arabia Bids have been opened for three 132-kV substation projects in the southern, and western regions. Saudi Binladin Group was the lowest bidder for the Khyber substation in the Western Region with a discounted price of SR 28.5 million ($7.6 million). For the Zarga substation in ...
France's Saint-Gobain Pam announced in late July the signing of the main pipeline supply package on the Shuweihat water transmission project. (News in Brief).(Brief Article)(Statistical Data Included)
Aug 02, 2002 ... UAE France's Saint-Gobain Pam announced in late July the signing of the main pipeline supply package on the Shuweihat water transmission project. Placed by main contractor Japan's Marubeni Corporation, the estimated $300 million contract involves the supply of 410,000 tonnes of pipe. The ...
A contract award is imminent for the last package on the Shuweihat water transmission network project in western Abu Dhabi. (News in Brief).(Brief Article)
Aug 02, 2002 ... UAE A contract award is imminent for the last package on the Shuweihat water transmission network project in western Abu Dhabi. Up to eight companies priced the estimated AED 200 million ($54 million) contract They include Pan Arab Enterprise for Pipeline Construction, Al-Hamed Development ...
A team of the local United Engineering Construction (UNEC) and Lankhorst of Malaysia was awarded on 27 July. (News in Brief).(contract for reservoir in Dubai)(Brief Article)
Aug 02, 2002 ... UAE A team of the local United Engineering Construction (UNEC) and Lankhorst of Malaysia was awarded on 27 July a AED 117.8 million ($32 million) contract involving the phase 2 and 3 expansions of the Mushrif water reservoir complex in Dubai emirate. Anew company, in which UNEC and ...
Rotana Hotels. (Tourism).(Brief Article)
Aug 02, 2002 ... Syria Abu Dhabi-based Rotana Hotels has signed an agreement with a local developer to manage a 110suite hotel in the Mezzeh district of Damascus, on the western road to Beirut. The 11-storey property, which is being built above an existing shopping ...
Hormozgan frontrunners emerge: MME, IRITEC bid low for construction of DRI plant. (Industry).(Hormozgan Steel Complex bids received from Mines and Metals Engineering and Iran International Engineering Company for direct reduction iron plant)(Brief Article)
Aug 02, 2002 ... Two companies have emerged as frontrunners for the first package on the construction of an integrated steel plant for the local Hormozgan Steel Complex (HSC). HSC has also extended the bid deadline for companies to revise their proposals for the project's second package by three weeks to ...
Aluminium smelter moves ahead. (Industry).(in Iran)(Brief Article)
Aug 02, 2002 ... Civil works have begun on the estimated $280 million Iran Aluminium Company (Iralco) project to build a 110,000-tonne-a-year (t/y) aluminium smelter in Arak. Work on the plant started in May after Iralco successfully proved to local authorities that setting up the plant next to its ...