VOL. XXXII
NO. 14
9-JANUARY-1989
SAUDI ARABIA
Saudi Ministry Licenses Yanbu' Aluminum Smelter Project
The Saudi Ministry of Industry and Electricity has issued a ministerialdecision to license the construction of a SR2,400mn ($640mn) aluminum smelter atthe Red Sea industrial town of Yanbu'. The project is being set up by a groupof Saudi and Gulf private investors including the Saudi Cable Company and theNational Industrialization Company (NIC) and part of the project's sharecapital of SR600mn...
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