Construction on the new Rajhi Steel complex in King Abdullah Economic City in Rabigh has begun. Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority and Abdul Aziz Al-Aboudi, chairman of Al-Rajhi Steel Company, will take part in the ceremony to hand over land for the SAR 15 billion project. Covering 4 million square meters in the industrial area at KAEC, the complex will contain several plants including a direct reduction iron plant with a capacity of 1.8 million tns/yr. The complex will feature a hot briquetted iron plant with a capacity of 650,000 tns/yr and a melt shop with a capacity of 2 million tns/yr. A variety of stainless steel products required for many industries will be available, including the car industry, gas and steam powered turbines and industrial bearings. The Ministry of Petroleum and Mineral Resources has signed an agreement to provide 70 million cu/ft of dry gas to Rajhi Steel each day. Emaar Economic City, an affiliate to UAE real estate giant Emaar Properties, is leading the development of KAEC.
