Emirates Steel Arkan announced on Wednesday that it will procure iron ore pellets from Bahrain Steel under a five-year supply agreement worth $2 billion.

The agreement was signed at the fourth meeting of Integrated Industrial Partnership for Sustainable Economic Development in Bahrain.

Other member countries of the UAE-led partnership initiative, launched in 2022, includes Egypt and Jordan with Morocco joining this year.

(Writing by Dennis Daniel; Editing by Anoop Menon)


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