VOL. XLI

No. 30

27-July-1998

UAE

Dubai Investments Acquires Small Stake In Saudi Chemical Company

Dubai Investments announced last week that it had taken a 7.5% stake in the JubailChemical Industries Company which is majority owned by the Arabian Industrial DevelopmentCompany (NAMA) of Saudi Arabia. Jubail Chemical Industries is currently building a 20,000ton/year epoxy resins plant, due to start up later this year (MEES, 2 December1996). NAMA is also planning to build a 30,000 t/y...