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FINANCIAL NEWS
UAE-Dzayer Group to launch Dh5.87bn steel plant in Algeria
24 Nov 2016
(MENAFN) Emarat Dzayer Group, a Dubai-based diversified business conglomerate and Algerian Groupe Imetal have signed a deal to make a joint venture.
Moreover, Dzayer in Algeria will generate 1.5mn tons per year of reduced iron and 1mn tons of steel in the form of rails, steel structures and seamless pipes for USD1.6bn.
In addition, the deal was inked in Algeria and will make thousands of jobs and help the substitute imports and enhance export earnings for the North African country.
Meanwhile, the agreement will create Dzayer Steel Co., a joint venture in which Groupe Imetal will hold 51 percent share amid its two subsidiaries.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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