Dubai Aluminum Company (DUBAL) began operating the largest Aluminum Smelter in the world in association with Abu Dhabi's Mubadala Development Company, Ahmed Humaid Al-Tayer Vice-Chairman of the board of directors at DUBAL said Wednesday.
"The project would play a key role in the manufacturing sector of Dubai and would contribute to seven percent to its national income, in addition to expediting the overall growth of the country," said Al-Tayer at the launching ceremony of the project attended by United Arab Emirates' (UAE) Minister of Finance and Industry Sheikh Hamdan Bin Rashid Al-Maktoum.
The first phase of the project will be operational in 2010 and when all phases are completed, the smelter will have 1.4 million tons production capacity, which will make it the largest aluminum smelter in the world. Al-Tayer added.
The ownership of the project is to be shared equally between DUBAL and Mubadala as per the Joint Protocol was signed in February this year.
DUBAL is the industrial flagship of Dubai. The company produces and exports high quality aluminum products to more than 44 countries worldwide.
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