grade can-sheet rolling mill, in the Kingdom of Saudi Arabia where 16 financial institutions contributed a total of $1.9 billion. The financing was heavily oversubscribed, according to a report published today by the Jeddah-based Arab News. In its initial phases, the joint venture will develop a fully integrated industrial complex, including a bauxite mine with an initial capacity of 4,000,000 tons per year, an alumina refinery with an initial capacity of 1,800,000 tons per year, an aluminum smelter with an initial capacity of 740,000 tons per year and rolling mill, with initial capacity of 380,000 tons per year. The mill will be the first in the Middle East and will be one of the most technically advanced mills in the world.
