2013-01-22 13:12:25 - ‘ALUMINIUM MIDDLE EAST 2013’ to discuss strategies to boost GCC’s contributions to global aluminium production
Dubai, January 22, 2013 - With global demand for aluminium estimated to increase and reach 70 million metric tons per year by 2020, GCC countries are expected to boost aluminium production capacity by up to 40 per cent to reach 5 million metric tons by 2014, from around 3 million tons in 2012. The GCC region has been a key aluminium producer as it is expected to account for 13 per cent of the world’s total aluminium production by the end of 2013, driven mainly by aggressive investments in the region’s aluminium industry, including construction of new smelters and the expansion of the pipeline network that has further reinforced the region’s position in the global market.
Gulf producers tend to take
their aluminium production capacity even further to address the strong demand, particularly within the GCC region, leveraging its strategic advantages including its easy access to low-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 per cent 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 USD 55 billion by 2022, with USD 22 billion in the UAE, USD 7 billion in Saudi Arabia and Kuwait and USD 5.7 billion 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’, the leading exhibition for aluminium products, technologies and investments in the Middle East, to be held from April 23 to 25, 2013 at Dubai International Convention and Exhibition Centre (DICEC). Formerly known as ALUMINIUM DUBAI, the third edition of the event follows the huge success and the momentum generated during the previous first two editions, as it serves as an ideal platform to showcase promising investment opportunities and benefit from best international practices and the latest in aluminium products, technologies and investments.
Mohammed Bader-Eddin, Show Director of ‘ALUMINIUM MIDDLE EAST 2013’, 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. Recent activities in the industry, including the establishment of new smelters and production units, and efforts by manufacturing companies to expand the pipeline network, have had a great effect in promoting aluminium production and other related industries in the region. ‘ALUMINIUM MIDDLE EAST 2013’ will provide a world-class interactive platform for key industry players to look into the latest developments and tech-savvy innovations, as well as discuss investments in new smelters and expansion plans across local and regional markets.”
Formerly known as ALUMINUM DUBAI, ‘ALUMINIUM MIDDLE EAST’ is being held every two years and is regarded as the leading regional exhibition for aluminium products, technologies and investments in the Middle East and a member of Reed Exhibition’s portfolio of aluminium events, which includes ALUMINIUM GERMANY, ALUMINIUM INDIA, ALUMINIUM CHINA and ALUMINIUM BRAZIL.