Holding Company for Metallurgical Industries, one of Ministry of Public Sector Affairs’ companies, received nine international bids for developing and restructuring Steel Iron and Steel Company.
These offers were submitted through the international tender, which was offered by the Holding Company for Metallurgical Industries on 21 April for the development and restructuring the lines of the Iron and Steel Company, in light of a financial and technical feasibility study prepared by a specialized consultant office.
The bids included nine Italian, Chinese, Ukrainian, Russian and German companies out of a total of 22 companies that withdrew the booklet of conditions. The envelopes were opened on 12 September, the last day to receive bids.
The Technical Committee formed for this purpose will examine the tenders and evaluate them technically, and then the committee will make a financial evaluation for accepted offers according to the procedures followed in this regard.