Newsletter No. 302
News-Analysis
June 13, 2006
KOBE
STEEL RECEIVES A LARGE ORDER FROM OMAN
Kobe
Steel -- Japan’s fourth-largest steel company -- has announced
that they have received a US$220 million order to build Oman’s
first steel plant. The plant will be designed and constructed
on behalf of Shadeed Iron and Steel LLC by the Japanese side.
This order is part of a larger Omani project to build up the
Suhar Industrial Port northwest of Muscat.
The
new steel plant is expected to begin its operations in October
2008.