VOL. XXXI

NO. 40

11-JULY-1988

SAUDI ARABIA

Saudi Investors Study Aluminium Smelter Project for Yanbu'

A group of Saudi private investors led by Xenel Industries and its subsidiarySaudi Cable Company have invited a large number of mainly local privateinvestors to participate in a $750mn project for the construction of an aluminumsmelter at the Red Sea industrial town of Yanbu'.

The plant, which will have an initial capacity of 240,000 tons/year rising to360,000 tons/year, will be operated by the...