VOL. XXXVIII

NO. 40

3-JULY-1995

Saudi Arabia

Alujain Evaluates Plans For Petrochemical And Mineral Projects

Alujain Corporation, the Saudi joint stock company set up in 1991 with afully paid up capital of SR173mn ($46mn), is in the process of evaluating fiveindustrial projects worth $2.5bn to be set up in the Kingdom. Announcing theplans, Alujain's Managing Director, Dr. Talal Bakr, said that each project willbe owned by a separate company in which Alujain will have a 30-40% stake.Details of these...