VOL. XXXVI

NO. 40

5-JULY-1993

SAUDI ARABIA

Alujain And Jaido Sign Memorandum For Joint Venture Copper Smelter

Alujain Corporation of Saudi Arabia and Japan International DevelopmentOrganization Ltd. (Jaido) on 27 June signed a memorandum of understanding tobuild a $400mn copper smelter with a capacity of 150,000 tons/year and acopper refinery at Yanbu'. The output of copper cathode from the new projectwill replace imports of refined copper by Saudi Arabia, whose consumption iscurrently running at...