VOL. XXXI

NO. 15

18-JANUARY-1988

SAUDI ARABIA

SIDF to Finance Yanbu' Titanium Dioxide Plant

The Saudi Industrial Development Fund (SIDF) has agreed to provide alow-interest loan of SR242mn ($64.5mn), or some 50% of the cost of the projected$128mn titanium dioxide plant which is to be built at Yanbu' on the Red Sea, according to the Chairman and President of the NationalIndustrializationCompany (NIC), Dr. Mahsun Jalah. Last September NIC acquired a 24% interest inthe titanium dioxide project (MEES,...