Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

UAE

Indian Firms Mull Aluminum, Petrochem Investments In UAE

Indian firms are considering major investments in the UAE including an aluminum smelter and a petrochemicals plant, according to a Gulf News report of 6 September. Indias National Aluminium Company (Nalco) plans to set up a $3bn smelter in Abu Dhabi and Reliance Industries may invest in a petrochemical plant, New Delhis new ambassador to the UAE, CM Bhandari said. Nalco is...