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FINANCIAL NEWS
UAE, Singapore JV aim aluminum products plant in Abu Dhabi
15 Nov 2016
(MENAFN) A mutual venture between the UAE and Singapore aims to invest USD120mn in Abu Dhabi’s industrial zone to produce aluminum rolled products.
Emirates Aluminum Rolling, a joint venture between Dubai Holding, Dubai Investment Industries proclaimed it is launching the plant in Khalifa Industrial Zone.
In addition, the plant will produce 65.000 tons of aluminum coils annually for use in the oil and gas refining industries.
The UAE was ranked the world”s fourth largest aluminum producer in 2015, accounting for more than 50 percent of the Gulf”s aluminum output.
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