Abu Dhabi: Abu Dhabi-based Mubadala Development Company, and the Investment Corporation of Dubai announced on Monday the official incorporation of Emirates Global Aluminium (EGA), the jointly-owned aluminium company formed by integrating the two shareholders’ interests.
EGA’s core operating entities are Dubai Aluminium (Dubal) and Emirates Aluminium (Emal), whose combined annual production currently accounts for 50 per cent of the total primary aluminium produced within the GCC region.
With EGA’s primary aluminium production set to reach 2.4 million tonnes per annum by mid-2014, the company will join the ranks of the world’s top aluminium producers.
“We will continue to build on a successful track record, with global expansion of our operations, and further development of the aluminium sector in the UAE, supporting an estimated 33,000 jobs by the end of the decade,” said Abdullah Kalban, CEO and managing director of EGA.
EGA also owns Guinea Alumina Corporation, a strategic bauxite mining and alumina refining development project in the Republic of Guinea. The company plans to continue expanding along the aluminium value chain, from smelting to alumina refining, and bauxite mining.
EGA will be managed by a board of directors that will be chaired by Khaldoon Khalifa Al Mubarak, while Saeed Mohammed Al Tayer will become its vice-chair.