UAE’s mining giant National Trust and Pakistan’s KSML sign MoU for a collaborative mining venture
National Trust (NT), the largest supplier and importer of raw and value-added minerals in the United Arab Emirates, has signed a memorandum of understanding (MoU) with a Pakistani firm to establish a strategic partnership. The partnership aims to invest 30 million UAE Dirhams in the mining, acquiring, and processing bauxite (aluminium ore) in Punjab.
This collaboration will potentially open up opportunities for exporting processed aluminium ore to the Middle East, thereby boosting bilateral trade and stimulating economic growth in the region.
