VOL. XXXV

NO. 5

4-NOVEMBER-1991

Saudi Arabia

Saudi-Italian Company for Oil Industry Construction Work

Technologie Progetti e Lavori (TPL) of Rome and two Saudi companies have setup a joint venture company in Saudi Arabia specializing in construction workrelated to the oil, gas, chemical and petrochemical industries, as well as todesalination plants. The joint venture - TPL Arabia Ltd. - is capitalized atSR5mn ($1.3mn) and owned 40% by TPL and 30% each by the Shu'aibi ContractingCompany and...