Emarat Dzayer Group and Groupe Imetal to build $1.6B steel plant in Algeria

Dubai-based Emarat Dzayer Group signed an MOU with Algerian state-owned Groupe Imetal to develop a $1.6 billion steel plant in Annaba Province, Algeria. The joint venture, Emarat Dzayer Steel Company, will produce 1.5 million mt of DRI and 1 million mt of rails, sections, and pipes annually.

“Dubai-based Emarat Dzayer Group has announced that it has signed a memorandum of understanding (MOU) with the Algerian state-owned Groupe Imetal to develop a $1.6 billion steel plant in Algeria’s Annaba Province.”steelorbis.com

• 2 sources
• steelorbis.comDubai-based Emarat Dzayer Group to build steel plant in AlgeriaNov 24, 2016
• industrysourcing.comDubai-based Emarat to set up steel plant in Algeria_ringier industry sourcingJan 23, 2017

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