The UAE "Gulf News" reported that the January 24th Ducab Aluminum Inc in Abu Dhabi Khalifa Industrial Park (Kizad) was established.
The company's total investment amounted to 220 million dirhams ($59 million 946 thousand), by Senaat company and Ducab company set up a joint venture, shares accounted for 60% and 40% respectively. The company is Senaat's second aluminum projects in the Khalifa industrial area and the sixth factory in the United Arab Emirates.
The company's annual capacity is 5000 tons of aluminum, and 75% of the products will be used for export. At present, the company has with the GCC countries, India, Lebanon, North America and Africa customers signed a supply contract, will also open up the Latin American and European markets. The company expects exports in 2018 for 300 million dirhams ($81 million 744 thousand).