Bahrain-based United Steel Company (Sulb) has signed a $373 million loan agreement with BNP Paribas and Societe Generale (SGCIB) for the implementation of a major steel plant coming up in the Hidd Industrial Area.
The Sulb project involves
Developers of a $1.2 billion steel plant in Bahrain have threatened to move the project to another country if councillors continue with attempts to thwart the plan.
The Muharraq Municipal Council blocked the Hidd plant's building permi
Newly-formed Sulb National Co will start before the end of next year a 300,000 tonnes steel billet plant that would cover 20 percent of Saudi Arabia's deficit in the product, its top executive said.
Sulb expects a government stimulus p