VOL. XXXVII

NO. 24

14-MARCH-1994

Saudi Arabia

German/Australian Consortium Win Letter Of Intent For SABAYEK's Plant

The Gulf Ferroalloys Company (SABAYEK) has awarded a consortium composed ofMannesman Debag of Germany and BHP Engineering of Australia a $120mn letter ofintent for the construction of a ferroalloys plant at the industrial city ofJubail. The final contract is due to be signed at the end of March, a SABAYEKofficial said.

The plant, with a capacity of 75,000 tons/year of ferrosilicon,...