Emirates Aluminium Co., which is building the world’s biggest aluminum smelter in Abu Dhabi, may seek $3 billion in financing for the venture, two people with knowledge of the project said.
The funding will be split between export credit agencies and commercial banks, the people said, declining to be identified because the deals are yet to be completed. Emirates Aluminium is owned by Mubadala Development Co. and Dubai Aluminium Co.
“We are working with shareholders to finalize the funding structure,” Saeed al-Mazrooei, Emirates Aluminium’s chief executive officer, said today at a press briefing in Abu Dhabi. “There are still many options to decide from,” he said, declining to be more specific.
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