Emirates Global Aluminium, one of the five largest aluminum producers in the world, has retained government affairs and consulting firm American Continental Group to provide advice and counsel as well as to assist the Abu Dhabi-based conglomerate in future talks with U.S. government officials.
EGA is the biggest industrial company in the United Arab Emirates that doesn’t produce oil and gas. The conglomerate is jointly owned by two state-owned holding companies: Abu Dhabi government investment vehicle the Mubadala Investment Company; and Dubai’s sovereign wealth fund Investment Corporation of Dubai.
ACG will provide counsel and advice to EGA regarding interactions with United States government officials regarding potential investments in the U.S., according to Foreign Agents Registration Acts documents filed in October. The firm will also assist EGA with a license request to the United States Department of the Treasury, Office of Foreign Assets Control on behalf of mining company Guinea Alumina Corporation, an EGA subsidiary.
The pact, which was signed in October, fetches ACG $50,000 a month.