VOL. XXXV

NO. 41

13-JULY-1992

Saudi Arabia

Saudi Arabia's NIC Signs Agreement for Glass Manufacturing Plant

The NationalIndustrialization Company (NIC) of Saudi Arabia and Guardian of the US on 4 Julysigned an agreement to set up a joint venture company which will build a glassmanufacturing plant with a capacity of 131,000 tons/year. The company, Zujaj,will have a paid-up capital of SR125mn ($33mn), owned 40% each by NIC andGuardian and 20% by Saudi investors. The plant will cost an estimated...