NO. 4


Saudi Arabia

Saudi-US Joint Venture for Oil Industry Construction Work

A new joint venture company specializing in construction work for the oilindustry is in the process of being set up in al-Khobar, Saudi Arabia. The newventure - the Arab American Company Ltd. - is capitalized at SR2mn ($533,333)and owned equally by its three partners, al-Hajiri Company of Saudi Arabia andGulf and Price, two US companies specializing in construction work related tothe oil...