VOL. XXXIX

No. 38

17-June-1996

SAUDI ARABIA

Jubail And Yanbu' Utilities Company Close To Being Launched

The first utility company with private sector participation in Saudi Arabia - Al-Manafi - is expected to be set up within the next few weeks, according to the Saudi newspaper al-Iqtisadia. Al-Manafi is being set up by Bechtel and Parsons of the US and the Royal Commission for Jubail and Yanbu', together with the private sector for the purpose of financing, developing and running the...