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Article: United Arab Emirates : Abu Dhabi bets on steel and aluminum projects.
- Article from:
- TendersInfo
- Article date:
- November 3, 2009
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Byline: shiv03
Financial Times reported that Abu Dhabi may be better known for its plans to build a carbon neutral city and local branches of the Louvre and Guggenheim but a hulking steel plant on the outskirts of the city may be a truer indication of the emirate's post oil future.
Entwined by a mass of green, purple and yellow pipes and surrounded by giant piles of raw iron ore, the Emirates Steel Industries plant produces 2 million tonnes of steel rebar, coils and plates a year.
ESI is already halfway through an expansion plan that will increase annual production to 3 million tonnes and is in talks to acquire another steel company for about ...