Arab Today, arab today saudi\s maaden jv inks 15bn deal
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Saudi\'s Maaden: JV inks $1.5bn deal

Arab Today, arab today

Arab Today, arab today Saudi\'s Maaden: JV inks $1.5bn deal

Riyadh - Arabstoday

Saudi Arabian Mining Co, the state-controlled company, said on Sunday its joint venture with Alcoa Inc signed a $1.5bn contract with Hyundai Engineering & Construction Co. The contract is to build an alumina refinery at Ras Al Khair in Saudi Arabia’s Eastern Province, the company, also known as Maaden, said in a statement to the Saudi bourse. The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled for completion in end of 2014. Saudi Arabian Mining Company said last month it was in talks with banks to obtain an Islamic loan of up to SR7bn ($1.9bn). In March, the company said it plans to invest SR26bn in its projects in Ras Al Khair and Waad Al Shamal, according to CEO Khalid Bin Saleh Al Mudaifer. The company plans to invest SR21bn to develop facilities for phosphate and other related products in Waad Al Shamal, and SR5bn in Ras Al Khair. From Arabian Business

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi\s maaden jv inks 15bn deal Arab Today, arab today saudi\s maaden jv inks 15bn deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi\s maaden jv inks 15bn deal Arab Today, arab today saudi\s maaden jv inks 15bn deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday