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ID Authority issues 8 billet licenses
The General Authority for Industrial Development has announced the offering of 8 new licenses for the production of billet squares with a total production capacity of 2.8 million tons annually. The goal is to strengthen the local industry, reduce reliance on imports, and save foreign currency. The licenses are divided into four with a capacity of 500,000 tons each, and another four with a capacity of 200,000 tons each. The tender submission deadline is set for September 9, 2026. This step is part of the government's strategy to increase local production and deepen value chains in the iron and steel sector.
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