Demand globally is estimated to increase and reach 70 million metric tonnes per year by 2020 and GCC countries are expected to boost aluminium production capacity by up to 40 per cent .
cost raw materials and proximity to major aluminium markets in Europe, USA and the Far East.
As estimated by the Gulf Aluminium Council, around 80% of produced aluminium in the Gulf is exported to different parts of the world, reaffirming the GCC’s vital role to meet local, regional and global demand.
In 2011, a number of new aluminium smelters and manufacturing companies were established in the Kingdom of Saudi Arabia and the UAE to drive further growth and establish the Gulf as a major player in the world aluminium industry.
On the other hand, the Gulf’s aluminium investments are seeing significant movement and could hit $55bn by 2022, with $22bn in the UAE, $7bn in Saudi Arabia and Kuwait and $5.7bn in Qatar.
As part of the efforts to increase the Gulf’s global market share and create lucrative investment opportunities across the aluminium industry in the region, a select group of local, regional and international investors, experts and businessmen are set to discuss some of the prominent industry concerns, trends and investment opportunities during the ‘Aluminium Middle East 2013’ exhibition, which will take place from April 23 to 25 at Dubai International Convention and Exhibition Centre (DICEC).
Show director Mohammed Bader-Eddin said: “The Gulf region has all the right components to truly become a key player in the global aluminium production business.
"GCC countries are currently working hard to achieve their future aspirations and consolidate their leading position in the region and the world by primarily increasing their annual productivity and adding new capacity, while adopting the latest advanced technologies and the highest standards in sustainability and environmental conservation.”