The world’s largest iron ore company stated: we plan to build three mega hubs of steel in the Persian Gulf countries.‎

The ‎‎ world’s largest iron ore producer, Brazilian company Vale announced its plan to produce three mega hubs in Ras Al Khair Industrial City in Saudi Arabia, the Khalifa Economic Zone in Abu Dhabi and the Duqm region in Oman.‎

‎Vale plans to bring fine concentrate to these industrial units and convert the concentrate into pellets in them so that briquettes can be made from them in the next stage.‎