The Saudi Arabian-based Al-Tuwairqi Group plans to establish four iron and steel factories in
Pakistan, the United Arab Emirates,
Bahrain and
Egypt within the next three years with a total cost of SR 2 billion (around $533 million).
Hilal Al-Tuwairqi, chairman of the group, stated that the four factories would supply a million tons of metal. He also added that his group is aiming to become the largest iron producer in the
Middle East.