Saudi steel major Attieh Group, which has close to five decades of experience behind it, has been reaping the benefits of a buoyant market and continues to gain strength in the region. The steel market has been booming over the past two years during which prices have been high and demand increasing.

Construction work is set to begin this month on a new steel coil centre being set up by Sumitomo Corporation in Dubai, UAE. The facility is scheduled to start operating by the end of 2005.

Anew engineering solutions and steel fabrication specialist company was set up early this year to fill a gap in the UAE market for a total engineering solutions facility.

Riding on its success as a construction steel trader in the late seventies, Pan-Gulf Group has emerged to be one of the successful trading groups in Saudi Arabia. Today, the group continues to reap the rewards of having diversified into a variety of sectors to support the industry, amidst a buoyant steel market.

Zamil Steel’s Structural Steel Business Unit (SSBU) has been awarded a contract worth $10 million for Qatargas II development project. Zamil Steel Industries (ZSI) will fabricate and supply pipe-racks, shelters and equipment support structures, in addition to operating stages and miscellaneous steel for project.