Manufacturing diversifies Abu Dhabi economy

The manufacturing industry continues to help drive diversification of the Abu Dhabi economy, according to the most recent report by the Statistics Centre Abu Dhabi (SCAD).

Mubadala  Industry, a business unit of Mubadala Development Company (Mubadala), is supporting this shift to underpin the diversification of Abu Dhabi’s revenue sources.

Through world-scale metals and mining businesses, and interests in the utilities sector, Mubadala Industry continues its contribution, according to Ahmed Yahia Al Idrissi, Executive Director.

Al Idrissi added, “We are building a world-scale metals and mining business, with a specific emphasis on the creation of metals cluster in Abu Dhabi based on the aluminium value chain. We are working collaboratively with our commercial and government partners across the world to support this objective, with resulting sustainable social and commercial benefits.”

Mubadala Industry’s assets such as Emirates Aluminium (EMAL) have already registered a number of notable milestones. In July 2012, EMAL achieved a cumulative production of 1.5 million tonnes of hot metal, the fastest production achieved by a single site smelter in the global aluminium industry to date.

EMAL also exported its first shipment through the new Khalifa Port in Abu Dhabi in 2012. First hot metal production from the EMAL Phase II expansion will take place at the end of 2013, with annual production reaching 1.4 million tonnes by 2014. Notably, over 60% of all managerial and supervisory grades in EMAL comprise UAE Nationals.