Bahrain: GIC project to build 6 million ton per year pelletising plant at Hidd as an expansion

摘要

Gulf Investment Corporation (GIC) project to build a 6 million-tonne-a-year (t/y) grassroots pelletising plant close to the GIIC facility at Hidd will now be carried out as an expansion. GIC had always pushed for the project to be an expansion, and the disagreement between the partners is understood to have been a strong factor in the buy-out decision. Economies of scale are likely to bring project costs down by some 120 million dollars to about dollars 230 million dollars.