VOL. XLI
No. 40
5-October-1998
SAUDI ARABIA
IDB Lends Saudi Shipping Company $41Mn
Under an agreement signed on 26 September, the Islamic Development Bank(IDB) will lend $41mn to the National Shipping Company (NSC) of Saudi Arabia to financethe building of a third container ship at Samsung Heavy Industries shipyard in SouthKorea. Samsung is building three container ships for NSC under a $127mn contract signedlast year (MEES, 11 August 1997). The three ships are due to be delivered in 1999and...
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