GCC Demand for aluminium skyrocketing

Published February 18th, 2007 - 02:25 GMT

The GCC demand for aluminium is set to hit five million tonnes before the end of the decade, delegates at MEED's Middle East Aluminium conference were told today.

 

Abdulla Kalban, CEO of Dubai Aluminium (Dubal), said, “The aluminium industry is growing rapidly in the region. Last week, the US$ 8 billion Emirates Aluminium (Emal) was announced, which is the UAE's second largest smelter and is expected to produce one third of the five million forecasted demand when full capacity is reached in 2013.

 

“Through this and similar projects we will be able to meet the increasing demand in the region and other countries like China and India, which turned to the GCC for aluminium supply,” he added.

 

Edmund O’Sullivan, conference chairman and editorial director of MEED said, “With forward projections of real estate projects on the drawing board estimated at US$14 billion in the GCC, and a minimum of $45 billion currently under construction in Dubai, it is imperative that supply should increase by a large margin.”

 

Middle East Aluminium conference is the latest in a series of MEED events focusing on the key issues at the heart of the region’s economic boom. “Middle East Aluminium offers an excellent platform for industry leaders to thrash out issues and opportunities in the aluminum industry. The participants enjoy a series of discussions focused on different issues critical to the further growth within the industry,” concluded O’Sullivan.

 

Key event speakers also include Michel Jacques, President & CEO, ALCAN – the event’s silver sponsor; Tony Kinsman, CEO, Sohar Aluminium; and Truls Gautesen, Head, QATALUM.

 

Leading organisations attending the conference include Abu Dhabi Basic Industries Corporation, Alba, Ma'aden, Arab Bank, Citigroup, Global Investment House, Baker & McKenzie, Mubadala, Mitsubishi Corporation and Siemens AG, plus many other major regional and international industry players.


MEED Conferences is part of the leading information brand in the Middle East working to provide delegates with the very latest business sensitive information. Over the past 10 years, MEED Conferences has organised events attended by senior government officials and thousands of international business people. The conference series is aimed at companies active or seeking business in the markets of the Middle East. MEED is well established as the source of strategic and accurate regional information placing it in a unique position to bring together high-calibre speakers.

© 2007 Al Bawaba (www.albawaba.com)


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