VOL. XXXVII
NO. 9
29-NOVEMBER-1993
SAUDI ARABIA
NIC And SaudiInterests Set Up Heavy Industries Joint Venture
The NationalIndustrialization Company (NIC) of Saudi Arabia and M&M Manufacturing Ltd.(a subsidiary of Castle Capital Inc. of Canada) on 23 November signed anagreement to set up the National Heavy Industries Ltd. (ABRAJ), a joint ventureto manufacture heavy industrial equipment. ABRAJ, capitalized at SR35mn($9.3mn), is owned 25% each by NIC and M&M Manufacturing, 27.5% by Rana...
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