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/PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world's leading...
Saudi oil giant Aramco and the kingdom's sovereign wealth fund PIF (Public Investment Fund) have joined forces with leading steel conglomerate Baosteel to establish an integrated steel plate manufacturing complex within the Ras Al Khair industrial city.
A full-process thick plate plant will be built in Saudi Arabia under an agreement reached by Baoshan Iron and Steel Co Ltd (Baosteel), Saudi Aramco and Public Investment Fund (PIF) on Monday, which will become the world's first green and low carbon steel plant of its kind, official sources said.
Saudi entities, including oil giant Aramco, have made a number of agreements with Chinese entities in the past year as Sino-Saudi ties continue to gain momentum.
SRCA’s announcement came while revealing the efforts of the air ambulance team during the month of April to save the lives of patients.