VOL. XXXVI

NO. 42

19-JULY-1993

SAUDI ARABIA

SABAYEK To Set Up Gulf Ferroalloys Plant

According to Mr. 'Abd Allah Hamad al-Mu'ajjil, Managing Director of the GulfFerroalloys Company (SABAYEK), five international firms from Japan, the US,Germany and Italy are competing for a project to build for his company a75,000-ton/year ferroalloys plant at Jubail at an estimated cost of $125mn. Mr.Mu'ajjil on 7 July signed an interest-free loan agreement for SR225mn ($60mn)with the Saudi Industrial Development...