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The Aluminium Industry in the Gulf Countries
A fully-integrated aluminium industrial complex being built as a joint venture between Alcoa and Saudi Arabian Mining Co. (Ma’aden) alone involves a capital investment of approximately USD 10,5 billion.
More foreign investors are looking to the Gulf for aluminium business due to its inexpensive gas stocks and strategic geographic location, with Europe already sourcing around 6 % of its aluminium demand from the region. The UAE and Saudi Arabia rank among the Gulf’s two biggest aluminium markets. Smelting operations managed by Dubai Aluminium Company Ltd. (DUBAL) and Emirates Aluminium in Abu Dhabi produce around 1,8 Mt/a of aluminium or 40 % of total annual Middle Eastern production.
More investment opportunities in the region will be revealed during ALUMINIUM Dubai. ALUMINIUM Dubai 2011, the premier exhibition for aluminium products, technologies and investments in the Middle East, will serve as an investment catalyst as it runs from May 9 to 11, 2011 at the Dubai International Convention and Exhibition Centre (DICEC). (01/2011)