Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

UAE

Dubal/Mubadala Plan $6Bn Aluminum Project In Abu Dhabi

Dubai Aluminium (Dubal) and Mubadala Development Corporation on 19 January signed a joint protocol (JP) and a joint development agreement (JDA) to pursue a number of projects, including one to establish a $6bn aluminum smelter complex at Taweelah in Abu Dhabi. The new joint venture is also looking at downstream investment opportunities elsewhere in the Middle East and North Africa....