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.