VOL. XXXNO. 220-OCTOBER-1986

SAUDI ARABIA

Saudi-US Joint Venture to Build Titanium Dioxide Plant

The Sha'ir Company forTrading, Industry and Contracting (Shairco) of Saudi Arabia and Kerr-McGeeCorporation of the US have signed a joint venture agreement to set up theCrystal Pigment Company, which will build and operate a 45,000-ton/year plant toproduce titanium dioxide at Yanbu' on the Red Sea. The entire project will costan estimated $120mn and the two joint venture partners have each taken a...