📋 Tender Overview
Scope of Work:
To Establish Steel Plant in Ras Al Khair.
Description:
The work on the project will start after receiving all the necessary approvals, the company already has a 1,000-acre land set for the multibillion dollar project. The Essar plant will take three to three-and-a-half-years to build and once operational it will meet the domestic steel demand. The approvals are expected anytime now, and once we get it, work will begin on the 4 million tonne per annum steel plant along with port facilities. The plant will integrate gas-based direct reduced iron (DRI) and electric arc furnace (EAF) technology to cater primarily to local needs of Saudi Arabia.
Previous Events:
September 2022- India’s Essar Group plans to invest 15 billion Saudi riyals ($4 billion) to establish an integrated flat steelworks plant in Saudi Arabia’s Ras Al-Khair Industrial City in the next three years.
