VOL. XLII
No. 31
2-August-1999
SAUDI ARABIA
Saudi Arabia Establishes Utility Company For IndustrialCities
The Saudi Arabian cabinet has issued a decree establishing autility company for the twin industrial cities of Jubail and Yanbu'. Thecompany will be known as the Utility Company (UCO) and will be owned by thePublic Investment Fund (PIF), Saudi Aramco, Saudi Basic Industries Corp., andthe Royal Commission for Jubail and Yanbu' which currently manages the twocities. Shareholdings have not been...
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