Abu Dhabi Basic Industries Corporation (Adbic) plans to launch a metal park in Al Taweelah. This will be the second industrial cluster in the emirate following the Polymer Park and focus on aluminium, steel and copper.
"For the time being we are still working on the feasibility studies for the Metal Park, and we are talking to major joint ventures to invest in Al Taweelah," said Dr. Jim White, Adbic's chief operating officer.
The metal park will be located in Al Taweelah, where Emirates Aluminium (Emal) is being established to become the largest smelter worldwide.
The second phase of Emirates Steel's expansion will also be located in Al Taweelah.
Emirates Steel's existing factory produces about 1.2 to 1.3 million tonnes of steel annually. Its output is expected to reach 1.5 million tonnes soon. The targeted full capacity has been set at four million tonnes annually by 2010.
"Our steel production capacity this year has doubled compared to last year. We have recently awarded contracts for the Al Taweelah plant, totalling our investments in construction and contractual commitments to $2.5 billion," White added.
The third metal comprising the metal park is copper. "Right now we are at the very early stages in relation to copper, as we are still commissioning feasibility studies," White said.