VOL. XLI

No. 34

24-August-1998

SAUDI ARABIA

Development Of Saudi Iron Project Could Attract Private Investments Of $550Mn

Total investment needed for the development of the Wadi al-Sawawin iron ore project isexpected to reach some $550mn, according to the Saudi Deputy Minister of Petroleum andMineral Resources, Mr. Ibrahim Ahmad Khabiri. The Wadi al-Sawawin project, located nearthe northern city of Tabuk, is expected to produce 2.2mn tons/year of iron ore fromreserves estimated at 390mn tons....