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...
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