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The construction industry and transport sector must make a sustained recovery if the aluminium industry is to continue to thrive in the Gulf region, said aluminium experts at this week’s Middle East Aluminium 2010 conference.
As the two biggest consumers of aluminium in the region, the success of these industries has a direct impact on the industry.
Abdulla Kalban, chairman of the Gulf Aluminium Council, is optimistic about the prospects for the construction sector.
“There are positive signs coming from local regions, especially large economies such as Saudi Arabia, Qatar and the UAE,” said Kalban.
“The value of aluminium in the commodities sector of the global economy was clearly demonstrated in 2009, when the price of aluminium recovered remarkably quickly and strongly compared to market expectations and other commodities.”
“Moreover, the recovery in the aluminium price has been sustained, and, according to expert analysts, looks set to continue.”
Analyst
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