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...