Abu Dhabi Ports has signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC), and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on an 83,554.58 square meter plot in Khalifa Industrial Zone\u2019s downstream aluminum cluster.<\/p>\n\n\n\n
Emirates Global Aluminium (EGA), an existing investor in Khalifa Industrial Zone, will provide Emiroll with raw molten aluminum to produce aluminum rolled products, further boosting the UAE\u2019s aluminum downstream industries to meet global demand and contribute to Abu Dhabi\u2019s economic diversification plan.<\/p>\n\n\n\n
The agreement was signed on behalf of Emiroll by H.E. Abdulnasser Bin Kalban, CEO of DUBAL Holding, and Mr. Mana Al Mulla, CEO of Khalifa Industrial Zone Abu Dhabi. Expected to go on-stream by the third quarter of 2017, the new plant will produce 65,000 tonnes of aluminum coils per annum, including 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminum for applications in downstream industries, such as automotive body parts, roller-shutters, garage castings, container trays, cans, and aerosols.<\/p>\n\n\n\n
Mr. Mana Al Mulla, CEO of Khalifa Industrial Zone Abu Dhabi, commented: \u201cAbu Dhabi Ports\u2019 collaboration with Emiroll aims to bolster the UAE\u2019s downstream industries and expand the reach of the Capital\u2019s export activities. This venture will see more rolled products be produced with the support of EGA and are a great example of local entities joining forces to support the government\u2019s vision of economic diversification and further position Abu Dhabi as a hub of integrated industrial excellence.\u201d<\/p>\n\n\n\n
\u201cIn 2015, the UAE was ranked the world’s fourth-largest aluminum producer, accounting for over 50 percent of the Gulf region\u2019s aluminum output. We are proud to have played a role in facilitating the production of such a valuable metal that is in high demand across the globe.\u201d<\/p>\n\n\n\n
Abdulnasser Bin Kalban, Chief Executive Officer of DUBAL Holding and Chairman of Emiroll, said: \u201cSigning off the agreement with Abu Dhabi Ports for the long-term lease of the proposed plant site is a key milestone achieved within the agreed project timeline. I wish to congratulate the entire team for this significant achievement and wish to thank the Abu Dhabi Ports management for their high-level professional support and necessary guidance.<\/p>\n\n\n\n
Emiroll is one of our projects aiming to boost the domestic consumption of EGA aluminum, thereby supporting the local economy through value addition, creating more jobs locally, and supporting an aluminum cluster in the UAE. I\u2019m confident that Emiroll, once realized, will represent a shining example of cooperation among Emirati entities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Abu Dhabi Ports has signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC), and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on an 83,554.58 square meter plot […]<\/p>\n","protected":false},"author":2,"featured_media":3967,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":28,"_extra_hide_author_box":"1","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-3965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n