SAUDI ARABIAN MINING Company (Maaden) has signed a US$10.8 billion contract with Alcoa, a world leader in aluminium, for the development of a fully integrated world-class aluminium industry in the kingdom.
THE DEVELOPMENT OF Qatar?s research vision reached a new phase with the inauguration of Qatar Science & Technology Park (QSTP), Qatar Foundation?s research accelerator, in a memorable ceremony on March 16.
SAUDI STEEL FIRMS have accumulated around one million tonnes of steel products in their stocks due to an export ban and poor demand. The industry has urged the government to reconsider the decision to ban exports and has valued the surplus steel at US$533mn. Contractors have warned that removing the ban will result in spiralling costs.
RUBBER IMPORTS AND exports into Dubai hit US$2.1 billion in 2008, according to recent reports. This is consistent with the trend of continuous growth in the demand for rubber products being seen worldwide. In line with this, Rubber World Industries (RWI), manufacturer of closed-cell rubber insulation Gulf-O-flex in the Gulf and South East Asia, has announced plans to reinforce its current production capacity.
EMIRATES ALUMINIUM (EMAL), a joint venture between Abu Dhabi's Mubadala Development Company and Dubai Aluminium (Dubal), has so far committed US$3.6 billion in investment by awarding 326 contracts for its smelter.
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