26Oct2005 Zamil Steel Wins SR33.7 Million Contract

Dammam, 26 October, 2005

Zamil Steel has been awarded an additional contract to supply structural steel products for Phase 2, Stage 2 of Shoaiba Power Plant project in Saudi Arabia.

This contract, worth SR33.7 million ($9 million), raises the total cumulative value to SR163 million ($43 million) for structural steel works executed by Zamil Steel on previous stages and phases of this project.

A consortium of Alstom Power of France and Saudi Archirodon is the main contractor for the Shoaiba Power Plant project. Saudi Archirodon has partnered with Zamil Steel on all previous stages and phases of this crucial project.

More than 30,000 metric tons of structural steel has already been provided for earlier phases and stages, and in this latest win Zamil Steel's Structural Steel Business Unit will provide steel for building structures and pipe racks. Delivery has commenced in September and is targeted for completion in April 2006, according to a report published today by the Arab News.

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