***INTERVIEW: GIIC still plans to build pelletizing plants in Egypt and Oman

Bahrain’s Gulf Industrial Investment Co (GIIC) is still in discussions with the Egyptian government to acquire land to build a pelletizing plant, it said

GIIC wants to build a 7 million tpy pelletizing plant in Alexandria to serve direct reduced iron (DRI) producers in North Africa and Europe. “We’re in talks with the Egyptian authorities, although they are taking longer than expected to make a decision,” according to Khalid Al Qadeeri, vice-chairman and md of GIIC and Foulath. “We’ve not finalised the purchase of the site;...

Published

Stacy Irish

December 15, 2010

11:50 GMT

Dubai