image description
image description
Tell A Friend

FinancialNews


  • 22-03-12

    Abu Dhabi's ADBIC seeks partners for USD800m JV

    (MENAFN) Abu Dhabi Basic Industries Corporation (ADBIC) is unveiled plans for a USD800 million joint venture to make oil and gas pipes, Reuters reported. State-run company is seeking a partnership to make the key equipment for global energy companies in a bid to diversify the emirates' economy away from oil exports. CEO Jamal al Dhaheri said the company is studying potential partners as it will be a major industrial project for ADBIC. Established in 2007, ADBIC is wholly-owned by the Abu Dhabi Government's General Holding Corporation (GHC) and focuses on the base metals (aluminum, steel and copper), petrochemical and other industrial sectors.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved