14.12.2015 - Can aluminium boost non-oil revenues in the GCC?
Firstly, Bahrain’s sovereign wealth fund, Mumtalakat, announced a fresh set of funding plans for the metal industry during the month. ver two consecutive days, reports stated Mumtalakat would invest in Spanish materials producer, Aleastur, as well as form a joint venture with India’s Synergies Castings. In a Reuters report dated 17 November, Joseph Kirikian, head of industries and services at Mumtalakat, said the Aleastur investment comes in light of the Spanish company’s expansion plans. “We are taking a minority stake and helping the company to expand into the Gulf,” Kirikian said...............................................Full Article: Source
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