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


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