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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.
| Site | Largest | Latest |
|---|---|---|
| Annaba Province, Algeria | $1.60B | 2016-11-22 |