India-based Essar Steel has signed a Memorandum of Understanding with Saudi Arabia's industry minister for the construction of a hot-rolled coil manufacturing unit, the Middle Eastern country's National Development Center (NDC) said on Wednesday October 27.
Bandar Bin lbrahim Al-Khorayef, Saudi Arabia's minister for industry and mineral resources, and Rewant Ruia, representing Essar Steel, signed the MoU for investment in a greenfield plant in Saudi Arabia, the NDC said."The complex will be the largest manufacturer of...