'Dubal's Saudi Arabian smelter not cancelled'

Dubai Aluminium Company Limited (Dubal) yesterday denied reports that its Saudi Arabian smelter in King Abdullah Economic City is 'either cancelled or on hold'.

A senior Dubal official told Emirates Business the project is still on the table and the pre-feasibility and potential downstream industry studies have been completed. He also added that the region is going to emerge as a leading player in the production of aluminium.

Dubal and Mubadala Development Company signed an MoU with the Saudi Arabian General Investment Authority (Sagia) and Emaar Economic City regarding the green-field development of the $5 billion (Dh18.3bn) plus aluminium smelter complex, to be managed by Emal International.