Abu Dhabi Ports has signed a 50-year Musataha agreement with Emirates Aluminium Rolling (Emiroll) to build a manufacturing plant in Khalifa Industrial Zone, Abu Dhabi.
The AED440M ($119.8M) plant will be spread out over an 83,600sq m area in Khalifa Industrial Zone’s downstream aluminium cluster.
It will have an annual production capacity of 65,000t of aluminium coils, which includes 45,000t of cold-rolled and 20,000t of hot-rolled aluminium.
Khalifa Industrial Zone CEO Mana Al Mulla said: “Abu Dhabi Ports’ collaboration with Emiroll aims to bolster the UAE’s downstream industries and expand the reach of the Capital’s export activities.
“This venture will see more rolled products be produced with the support of EGA and is a great example of local entities joining forces to support the government’s vision of economic diversification and further position Abu Dhabi as a hub of integrated industrial excellence.”
The facility is expected to be operational by the third quarter of 2017.
Emiroll is a joint venture between Dubal Holding, Dubai Investment Industries and Madar Aluminum Rolling Singapore.