to download the complete report - GulfBase.com
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to download the complete report - GulfBase.com
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» Saudi Consumption has grown at a 2003-2007 CAGR of 27.9% <strong>to</strong> 10.4mn <strong>to</strong>ns per annum.<br />
» Steel demand will be driven by massive a investment in petrochemical industry, construction, real-estate<br />
and infrastructure building.<br />
» Saudi Arabia is determined <strong>to</strong> go-ahead with multi-billion dollar projects which includes <strong>the</strong> economic<br />
cities which will keep <strong>the</strong> steel demand strong despite <strong>the</strong> prevailing financial turmoil<br />
Consumption in Saudi Arabia (mn <strong>to</strong>ns)<br />
Steel Sec<strong>to</strong>r<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
2003 2004 2005 2006 2007<br />
Source: Zawya, Metal Bulletin, Company websites & Global Research<br />
Global Investment House<br />
64 Saudi Arabia Economic Overview - January 2009
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