UAE to build new aluminium plant

The planned smelter will be the world's largest at a cost of $8 billion.

    The first phase is expected to cost $5 billion [AP]

    The first phase is expected to cost $5 billion.
     

    Emal will become "the world's largest single site aluminium smelter" when it reaches its full production capacity of 1.4 million tonnes a year, it said.

      

    Dubal, which is owned by the Dubai government, is the Middle East's largest aluminium producer with a capacity of 761,000 tonnes a year.

      

    In August 2006, it acquired a 25 per cent stake in Canada's Global Alumina Corp for $200 million.

      

    Mubadala owns a majority stake in Dolphin Energy, which is building a regional network to export gas via a submerged pipeline from Qatar to Abu Dhabi, and then on to Dubai, Oman and eventually Pakistan.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Can Muslim leaders alter Trump's Jerusalem decision?

    Can Muslim leaders alter Trump's Jerusalem decision?

    Turkish president calls Jerusalem a 'red line' as he hosts an Organisation of Islamic Cooperation summit in Istanbul.

    'Beaten' Palestinian boy in viral photo charged

    'Beaten' Palestinian boy in viral photo charged

    Fawzi al-Junaidi, 16, denies accusations of throwing stones and protesting, saying he was severely beaten by Israelis.

    Donald Trump: A president swallowed by history

    Donald Trump: A president swallowed by history

    The US has tried and failed to create a capital for another state before. "Israeli" Jerusalem will be the next Saigon.