VOL. XXXIII

NO. 7

20-NOVEMBER-1989

Algeria

UAE Consortium to Participate in Building Aluminum Smelter

The Dubai-based Industrial Development Corporation (IDC) announced on 12November that it will participate in the construction of a $1bn 220,000 ton/yearaluminium smelter to be built on the coast in western Algeria. An agreement isexpected to be signed shortly with IDC, a corporation comprising CaradelInvestments Inc. (a member of al-Tajir Group), George Wimpey PLC, Asea BrownBoveri, (ABB) and Marc...