GIC to establish stainless steel plant in UAE

Monday, 24 May 2004 10:51:55 (GMT+3)   |  
       

GIC to establish stainless steel plant in UAE

Recent news in the market reveals that, Gulf Investment Corporation (GIC) has recently signed a contract of $200 million to establish a stainless steel plant in United Arab Emirates (UAE). The plant which will be implemented by United Stainless Company, jointly owned by GIC, UAE and Kuwaiti investors, will produce 90'000 tons of cold rolled austenitic stainless steel annually.

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