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Steel Sec<strong>to</strong>r<br />

» Hadeed production has grown at a CAGR of 6.3% <strong>to</strong> 4.8mn <strong>to</strong>ns.<br />

» Hadeed exports its products <strong>to</strong> more than 30 countries across <strong>the</strong> world including GCC, Asia and<br />

Europe.<br />

» Hadeed announced plans <strong>to</strong> expand its <strong>to</strong>tal steel production capacity from 5.5mn tpa <strong>to</strong> 10mn tpa by<br />

2015, and subsequently <strong>to</strong> 15mn tpa by 2020.<br />

Hadeed Steel Production (000 <strong>to</strong>ns)<br />

5,000<br />

4,500<br />

4,000<br />

3,500<br />

3,000<br />

2,500<br />

2,000<br />

1,500<br />

1,000<br />

500<br />

0<br />

Global Investment House<br />

2003 2004 2005 2006 2007<br />

Source: Zawya, Company Websites & Global Research<br />

66 Saudi Arabia Economic Overview - January 2009

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