Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), plans to invest $3.8 billion for its phase two development as it ramps up production to become the single largest greenfield smelter in the world, its chief executive said.
"Phase two, which we have just started rolling will have an investment of $3.8 billion," Saeed Fadhel Mazrouei told a forum of United Arab Emirates and German businesses in Abu Dhabi on Monday.
The first phase investment totalled $5.7 billion he said.
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