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FINANCIAL NEWS
Al-Braik Investments to build USD200m silicon smelter in Abu Dhabi
25 Mar 2013
(MENAFN) Al-Braik Investments announced that it has obtained the approval to establish a USD200 million silicon smelter in Abu Dhabi, reported Arabian Business.
The Dubai-based firm added that the smelter, the first of its kind in the GCC, would produce high-grade silicon metal, and would be completed in 3 years.
The company will establish 2 furnaces with a combined annual output capacity of 33,000 tons that would be increased the double by 2019.
It is worth noting that as Abu Dhabi is planning to diversify its economy in order to lower dependence on oil revenues, the emirate is investing heavily in industry, tourism and infrastructure.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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