VOL. XXXII

NO. 28

17-APRIL-1989

SAUDI ARABIA

Saudi/GCC Group to Build Chemical Plant at Jubail

A group of private sector investors from Saudi Arabia and the GulfCooperation Council (GCC) member states have set up a new joint venture - SaudiFormaldehyde Chemical Company to manufacture formaldehyde and formaldehydecondensates. The investors include Saudi businessman Mazin al-Lahiq, al-ZamilGroup and the Y.B.A Kanoo Group. The formaldehyde plant, which will be builtin the Jubail industrial city, will...