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Metals

Dubai Oman Aluminium Rolling Company has awarded a US$385mn contract to an Italian company to build a production plant with a 160,000 tonne capacity.

Jindal Shadeed Iron & Steel LLC believes that capital investments in its integrated steel complex at the Port of Sohar will total around US$1billion.

Saudi-based Rajhi Steel plans to set up a US$4 billion heavy steel complex at King Abdullah Economic City (KAEC) and will obtain dry gas from Aramco, the Saudi Press Agency (SPA) reported.

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