Middle East Economic Survey
VOL. LIV
No 21
23-May-2011
UAE
ADBIC Signs JV Agreement To Set Up Taweelah Aluminum Extrusion Company
Abu Dhabi Basic Industries Corporation (ADBIC) wholly owned by state firm General Holding Corporation (GHC) signed a joint venture agreement with Al-Ghurair Groups Gulf Extrusions unit to set up Taweelah Aluminium Extrusion Company in Abu Dhabi, the company announced on 16 May. Taweelah will invest $200mn in a 50,000 tons/year plant to be built next to the...
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