Mubadala forms smelter JV in Malaysia

Abu Dhabi's government investment vehicle Mubadala Development Co. and 1Malaysia Development, a state-owned development firm, have agreed to form a joint venture to develop a US$4.2 billion (Dhs15.4 billion) aluminium smelter in east Malaysia.
As part of the deal, Mubadala will also help 1Malaysia Development team up with other strategic partners to develop downstream industries including a rolling mill, a wire cabling plant, a wheel casting plant and up to 10 extrusion plants costing an additional $1.8 billion.
Last year, as part of Malaysia's Economic Transformation Programme, Mubadala and 1Malaysia Development worked together to develop a Dh31.4 billion (US$8.54 billion) KL International Financial District. Mubadala also said last year that it may invest as much as $7 billion in a hydro-based smelter project in Malaysia.Shop Womens Socks - View the Large Range