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FINANCIAL NEWS
Abu Dhabi to build USD 119.7mn aluminum plant
22 Mar 2016
(MENAFN) A new aluminum plant with whole investment of USD 119.7mn will be built in the Khalifa Industrial Zone Abu Dhabi, among need for flat-rolled aluminum products.
Furthermore, the new plant for Emirates Aluminum Rolling LLC (Emiroll) is predicted to be finished by the third quarter of 2017.
Additionally, Dubai Holding will hold 35 percent share in Emiroll, while Dubai Investments 3 percent share and MARS Holding will hold 35 percent.
Emiroll will produce 65,000 tons of aluminum coils per annum, involving 45,000 tons of cold-rolled and 20,000 tons of hot-rolled aluminum for apps.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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