VOL. XXXIV

NO. 7

19-NOVEMBER-1990

Saudi Arabia

NIC's Subsidiary to Start Wire Production Soon

The General Manager of the National Metal and Casting Company (Ma'daniyyah),Mr. Khalid al-Mutlaq, has said that his company's 33,000 ton/year wire productsplant at Jubail is scheduled to start up in six months. Total investment in theproject is estimated at SR200mn ($53.3mn). Ma'daniyyah is owned 36% by SaudiArabia's National Industrialization Company (NIC) and 64% by various interestsfrom the private...