12 Jul 2010
(MENAFN) Emirates Aluminum (Emal), a joint venture between Dubai Aluminum Company and Abu Dhabi’s Mubadala, has signed agreements with three export credit agencies to secure $737 million funding for its massive smelter project, Gulf News reported.
Emal was established in February 2007 to construct what will become the world?s largest single site aluminum smelter complex. Once completed Emal will produce 750,000 tons of aluminum per annum and 1.5 million tons annually.
The aluminum complex, a 6 square kilometer site in the Khalifa Port Industrial Zone in Al Taweelah, half way between Abu Dhabi and Dubai, will produce primary aluminium with a product mix of sow, standard ingot, tee ingot, extrusion billet and sheet ingot.
Being the largest industrial project in the UAE outside the oil and gas industry, the project will encourage economic diversification, creating downstream opportunities.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more