VOL. XLV
No 32
12-August-2002
SAUDI ARABIA
Saudi-German Firm To Establish $213Mn MagnesiumPlant
The Saudi Arabian GeneralInvestment Authority (SAGIA) announced on 4 August that it had approved planssubmitted by Gulf Das Company a 70%-30%Saudi-German joint venture to establish a SR800mn ($213mn) plant in Dammams second industrial city to produce magnesium(20,000 tons/year capacity) and potassium chloride (48,000 t/y). The investmentalso includes the construction of a power generation plant for...
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