VOL. XXXIV

NO. 4

29-OCTOBER-1990

Saudi Arabia

SAFCO and Chiyoda Finalize Fertilizer Contract

The Saudi Arabian Fertilizer Company (SAFCO) and a joint venture consistingof Chiyoda Corporation of Japan and its local affiliate Chiyoda Petrostar on 16October signed a SR1,150mn ($307mn) turnkey contract for the construction atJubail of a new fertilizer plant with an annual capacity of 1.1mn tons - 500,000tons of ammonia and 600,000 tons of urea. A letter of intent for the new plant,which will expand...