An Abu Dhabi conglomerate plans to develop a Dh1.1 billion steel plant that will create 370 jobs.
Senaat, the state-owned Abu Dhabi-based holding corporation, said it has entered a joint venture with two Japanese steel makers to build steel pipes for industrial use.
The plan for the new company, Al Gharbia Pipe, comes as the emirate accelerates its push to diversify from crude oil.
JFE Steel and Marubeni-Itochu Steel are joining Senaat in the…
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