VOL. XL
No. 39
29-September-1997
ALGERIA
South Korea's Daewoo Plans Major Investments In Algeria
A memorandum of understanding (MOU) signed by the Algerian Government and South Korea'sDaewoo Corp. on 27 August calls for major investments to be made by Daewoo in Algeria. Thelong-term agreement provides for investments amounting to as much as $2bn over the next 10years in a number of Algerian industries. Projects covered in future negotiations willinclude natural gas production and refining,...
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