Middle East Economic Survey
Iran Inaugurates Hormuzal Aluminum Plant
Iranian President Mahmoud Ahmadinejad on 9 January inaugurated the Hormuzal aluminum plant in the southern city of Bandar Abbas. The plant, with a capacity of 147,000 tons/year, will raise the countrys aluminum production capacity by 47% from the current 310,000 t/y to 457,000 t/y. The new facility, which is a joint venture between and Iranian and Italian interests has cost 400mn, plus IR2,000bn...