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| Emaar, The Economic City to establish aluminum smelter complex Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), and EMAL International, the joint venture of Mubadala Development Company and Dubai Aluminium Company (DUBAL), have signed a Memorandum of Understanding agreement to establish a greenfield aluminium smelter complex in KAEC. The project will have an initial direct investment of SR18.4 billion (US$5 billion) and first phase production design capacity of 700,000 tonnes. The agreement was endorsed by the Saudi Arabian General Investment Authority (SAGIA), the prime facilitator for King Abdullah Economic City. write your comments about the article :: © 2008 Construction News :: home page |