VOL. XXXI

NO. 8

30-NOVEMBER-1987

UAE

Plans for Projected Umm al-Qwain Aluminium Smelter Make Progress

Realization of the joint-venture project to build a $1.2bn aluminumsmelter with a capacity of 240,000 tons/year in Umm al-Quwain came a step closerlast week with the signing of a preliminary agreement between the Umm al-QuwainGovernment and the major equity participants in the project which is to becarried out by the Umm al-Quwain Aluminum Company (Umalco).

Under the agreement, Umalco's capital of...