Saudi Arabia acquires 49% of steelworks in GCC countries

摘要

The number of steelworks operating in GCC region has increased from 84 mills in 2000 up to 184 mills in 2011, increasing by more than half. Accumulated investments have also increased from only USD 2.7 bin to about USD 19.3 bin for the same period, increasing by more than 7 times; this shows that these new projects were large-scale ones which required high capitals. Labor force in this industry has increased from 15.000 up to nearly 39004 for the same period, according to Industrial Management Information's (IMI) data in Gulf Organization for Industrial Consultations (GOIC).