VOL.XXXIXNo. 6125-November-1996KUWAIT

KuwaitApproves Plan For $1Bn Aluminum Smelter Kuwait has approved a plan submitted by Raytheon Company of the USfor the construction in Kuwait of a 230,000 t/y aluminumsmelter at an estimated cost of about $1bn, asjoint venture between local and foreign shareholders. Astatement issued in Kuwait on 20 November stated that "the Ministryof Finance has approved the business plan proposed by Raytheonto build an aluminum project." The statement added that the...