Saudi steel complex lays foundation stone in Oman

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photo credit: SFZC's Twitter account
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