5 Jan 2020
MUSCAT (WAF)- The foundation stone of the National Steel Industries complex was laid down in Salalah, Salalah Free Zone Co. (SFZC) announced.
The $500 million project was first announced in September 2019, when SFZC signed the usufruct agreement with the Saudi investor Ahmad al-Shaheen.
According to SFZC’s announcement today, the complex will produce 150,000 tons per annum and will provide 500 direct jobs.
The unit will “export 65% of its products to regional markets,” SFZC said on its Twitter account