VOL. XXXIII
NO. 20
19-FEBRUARY-1990
Iran
Iran to Build Aluminum Smelter
The Dubai-based International Development Corporation (IDC) has signed ajoint-venture agreement with the Iranian Ministry of Mines and Metals for theconstruction of a $1.35bn, 220,000 ton/year aluminum smelter, along with a powerplant and a desalination unit, at Bandar Abbas on Iran's Gulf coast oppositeDubai. IDC, a consortium headed by Mr. Mahdi al-Tajir which includes GeorgeWimpey, Asea Brown Boveri, Marc Rich, and Caradel...
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