ME multi-billion-dollar aluminium industry growth remains

This year, the Middle East posted the second highest year-on-year demand growth globally during the first quarter at +5.8% and the world now has its eyes set on witnessing how the GCC will continue to thrive in a post-oil world, with aluminium as one of the major economy drivers. This regional growth is a major contributor to a growing global demand for aluminium which is estimated to reach 70 million metric tonnes per year by 2020.

 

With the recently launched Dubai Industrial Strategy, the United Arab Emirates is boosting its economic competitiveness and new initiatives include six priority sub-sectors, including aluminium and fabricated metals, which have been chosen in line with the UAE’s vision for sustainable progress in the post-oil era.

 

Development in these sectors is expected to create an environment that prioritizes knowledge, science and research and will help transform the UAE into a global platform for innovative industries and a destination of choice for international companies seeking growth and sustainability. The UAE government has identified seventy-five initiatives that it will fund, anticipating massive growth in the industrial sector and creating 27,000 new jobs.