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....
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