July 28, 2008
AME Info, Abu Dhabi, United Arab Emirates, Manufacturing and Industry Briefs
By AME Info, Abu Dhabi, United Arab Emirates
Jul. 28--ABU DHABI CALLS OFF SMELTER PLAN: Rio Tinto Group said $3bn smelter plans in Abu Dhabi is 'dead' after the UAE decided to use its natural gas in more-profitable industries, Bloomberg has reported. Middle Eastern nations are seen to use their gas in the chemical, fertiliser and liquefied-natural-gas industries to benefit more from their reserves.
RAK GETS 847 NEW COMPANIES: Ras Al Khaimah Free Trade Zone Authority has reported some 847 new companies registered during the first half of the year, bringing the total companies to 4,773 by end of June, said news reports. These companies are estimated to contribute Dhs10bn to the Ras Al Khaimah economy.
DUBAL PRODUCTION HITS 10M TONNES: Dubai Aluminium Company Limited (Dubal) announced it has reached a major production milestone, having produced its ten millionth cumulative tonne of hot metal mid-July this year. Dubal aims to produce 2.5m tonnes of primary aluminium per year to become the world's fifth largest producer by 2015.
GGICO SETS UP UNIT FOR BITUMEN: Gulf General Investment Company PSC (GGICO) announced its has opened a new company in Sharjah, Horizon Energy Co. LLC, for the trading of Bitumen and manufacturing and sale of other value added Bitumen products. The project is a 10,550-sqm. plant in Khalid Port and have an installed storage capacity of 16,000 tonne.
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