UAE- Initiative to generate jobs


(MENAFN- Khaleej Times)  Mohammed Ibrahim Al Shaibani, Chief Executive Officer of Investment Corporation of Dubai (ICD), has said the merger of the two aluminium smelters will create more jobs in the economy in the near future. Al Shaibani said: "Emirates Global Aluminium will accelerate employment with 2,000 direct jobs being created by 2020 adding to more than 6,200 direct jobs already in existence." "We also conservatively estimate that a further 6,000 indirect jobs will be generated, delivering total employment of over 33,000 people by the UAE aluminium sector through the end of this decade," the chief executive officer said. Al Shaibani said today's announcement builds on what the two outstanding organisations have created which reflects the UAE's long-term industrial strategy.


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