80 % Export of Aluminum Production
The world demand for aluminium is estimated to reach over 70 Mt by the year 2020 from 40 Mt a year currently which would require an additional 30 Mt of aluminium compared to current annual production. Almost 80 % of the aluminium produced in the Gulf is exported to different parts of the world firmly placing the Gulf in a prominent position to meet both local and world demand. In 2011, a number of aluminium downstreams were established in Oman, Saudi Arabia and Abu Dhabi. Above all, the Gulf region has truly become a major hub for the world aluminium business and a significant contributor to the regional economy. This is evident by its continuous growth and the increasing number of organizations with aluminium related businesses (3/2012).