VOL. XXXIX

No. 34

20-May-1996

BAHRAIN

South Korea's Hyundai To Construct Pipe Plant In Bahrain

South Korea's Hyundai Pipe Company signed on 15 May a $15mn joint venture contract with the Bahraini private firm Hafeera Contracting Company for the construction of a black steel pipe plant with a capacity of 72,000 tons/year. The plant's output will be earmarked for export to Middle Eastern and European countries. The joint venture will set up a firm capitalized at $6mn, with Hyundai owning...