VOL. XXXIII

NO. 17

29-JANUARY-1990

UAE/Algeria

IDC Ready to Proceed with Joint Venture Smelter in Algeria

The Dubai-based Industrial Development Corporation (IDC), which last November signed a preliminaryagreement to participate with an Algerian state company in the construction ofa $1bn, 200,000 ton/year aluminum smelter on the Western coast of Algeria (MEES,20 November 1989), now says that it is ready to proceed with the joint ventureproject. IDC, which comprises Caradel Investments Inc. (a...