VOL. XXXI

NO. 31

9-MAY-1988

SAUDI ARABIA

Swedish Contractor for Saudi Oil Storage Project Sold

The ABV Rock Group, a 50-50 joint venture formed by the two Swedish firmsSkanska and ABV which was awarded a contract to build strategic undergroundstorage facilities for refined petroleum products in Saudi Arabia last year, hasbeen sold, according to a statement by the managing director of ABV, Mr. SvenAke Johansson. Mr. Johansson said that the joint venture had been sold to RossConstruction and...