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Sovereign Wealth Funds Briefing - Categorized | Investment

UAE funds 48pct of GCC aluminum

Posted on 18 May 2011

The UAE controls nearly 48 per cent of the total aluminum investments of more than$22 billion in Gulf oil producers and the construction of a mega smelter in Abu Dhabi will allow the country to maintain its leadership in this sector.
Within the strategy of the Emirate of Abu Dhabi Industrial which aims at encouraging economic diversification, came the establishment of Emirates Aluminum EMAL in 2007, as a joint venture between Mubadala Development Company, and Dubai Aluminum Company Limited Dubal……………………………………….Full Article: Source


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