Turkey steel shipment arrives
Manama, August 13, 2008
The first shipment of steel has arrived in Bahrain from Turkey. A total of 16.500 tonnes of steel was received by Abdali Essa Al Nooh and Sons.
This is part of deals signed by the kingdom with Turkish companies during His Majesty King Hamad’s official visit to Turkey.
Memoranda of understanding were signed with Turkish companies by Industry and Commerce Minister Dr Hassan Fakhro which included the sale of building materials, cement and steel to Bahraini suppliers at preferential prices.
Dr Fakhro said such deals will revitalise trade movement, especially the buying and selling of building materials to meet increasing demand and needs of contractors.
The minister said another shipment of 20,000 tonnes of steel that will arrive soon as part of an agreement between Turkish firms and three Bahraini companies which will enhance supply.
Dr Fakhro said the arrival of such shipments and selling them at reasonable prices will end the iron shortage crisis in the kingdom.
He emphasised the government’s effort and support to provide all consumption goods including building materials to meet market needs and avoid shortages. - TradeArabia News Service