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Mubadala, Investment Corporation of Dubai Incorporate Aluminum Company
Apr. 07, 2014 04:21PM PST
Company News
Gulf News reported that Abu Dhabi’s Mubadala Development Co. and Investment Corp. of Dubai have officially incorporated Emirates Global Aluminium (EGA), a jointly owned aluminum company created by merging both entities’ interests.
Gulf News reported that Abu Dhabi’s Mubadala Development Co. and Investment Corp. of Dubai have officially incorporated Emirates Global Aluminium (EGA), a jointly owned aluminum company created by merging both entities’ interests.
As quoted in the market news:
EGA’s core operating entities are Dubai Aluminium (Dubal) and Emirates Aluminium (Emal), whose combined annual production currently accounts for 50 per cent of the total primary aluminium produced within the GCC region.
With EGA’s primary aluminium production set to reach 2.4 million tonnes per annum by mid-2014, the company will join the ranks of the world’s top aluminium producers.
Abdullah Kalban, EGA’s CEO and managing director, commented:
We will continue to build on a successful track record, with global expansion of our operations, and further development of the aluminium sector in the UAE, supporting an estimated 33,000 jobs by the end of the decade.
