VOL. XLV

No 43

28-October-2002

SAUDI ARABIA

Agreement On Japanese/Saudi JV For Power/Water Plants Rehabilitation

Japans Itochu and Sasakura have agreed in principle with 'Abd Allah Abu Nayan Co and al-Muhaydah Holding Co of Saudi Arabia to set up a joint venture (JV), the main activity of which will be to rehabilitate and extend the lives of power/water desalination plants in the kingdom. It will also carry out a variety of other projects in the power and water sector. A spokesman for Itochu told...