Industry

Kobe Bussan of Japan to build sugar plant in Upper Egypt

Japan?s Kobe Bussan Company has submitted a proposal to Egypt?s General Authority for Industrial Development on starting up a plant for sugar production in the industrial zone of Qena, south of Egypt.? The chairman of GAID Amr Assal told NOOZZ that Kobe Bussan sought the authority?s approval to allocate 40 feddans of land for construction of a large sugar plant to produce sugar from 7,000 feddans that would be cultivated with sugarcane in the area.

Several billion dinars for marshlands revitalisation in Thi-Qar

The Governorate Council of Thi-Qar has referred a number of projects for the revitalisation of the marshlands to local companies and contractors as new service projects have been completed in the Fadliyya district.

Saudi Basic says planned China projects worth US$2 billion

Saudi Basic Industries Corp (SABIC), the world's largest chemical company by market value, said two chemical projects it is considering in China are worth about US$2 billon.

Arabian Gulf's yacht sector on course for 30% growth

With the GCC now widely recognised as one of the world's most robust emerging markets for the boating industry, an industry analyst has estimated that with the dominance of waterfront property and reclamation projects, the sector is on course for growth of up to 30 percent in the next 12 months.

Government signs to agreements on gold mining in Eastern Desert

The Egyptian Minister of Petroleum Sameh Fahmy attended the signature ceremony for two gold mining agreements between the General Authority of Mineral Resources and the Russian SMW mining company, which will explore for gold in the Eastern Desert in Egypt.? Fahmy said the first agreement allows the Russian company to explore for Gold on 900 square kilometres in Om Balad with investments of US$6m.

Gulf Extrusions signs major deal with UK company

Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has signed a deal with Sport Carrier Limited, a UK-based firm that delivers components and assemblies to automotive plants in Britain, Germany and the US, to supply 1500 metric tonnes of aluminium, with an estimated value of Dhs28m. The aluminium will be used in the automotive parts of a range of vehicles manufactured in Europe after January 2008.

Malaysia's MMC, Saudi Binladin, Chalco in US$3 billion Middle East smelter project

MMC Corp Bhd said its wholly-owned subsidiary MMC International Holdings Ltd and partner Saudi Binladin Group has made a deal with Aluminum Corp of China Ltd to build an aluminium smelter with associated anode plants worth US$3 billion in Jazan Economic City (JEC) in Saudi Arabia. The smelter will be equipped with three potlines and is expected to have an annual production capacity of about 1m metric tonnes upon completion of the plants' three phases.