With global demand for aluminum estimated to increase and reach 70 million metric tons per year by 2020, GCC countries are all set to boost their production capacity to 5 million metric tons by 2014, up 40 percent from around 3 million tons in 2012, said Mohammed Bader-Eddin, the show director of the upcoming “Aluminum Middle East” expo which will be held from April 23 to 25 at Dubai International Convention and Exhibition Centre (DICEC).
The GCC region has been a key aluminum producer and is set to account for 13 per cent of the world’s total aluminum production by year end, driven mainly by aggressive investments in the region’s aluminum 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, remarked
Bader-Eddin said the Gulf region has all the right components to truly become a key player in the global aluminum 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,” he added.
Gulf producers tend to take their aluminum production capacity even further to address the strong demand, particularly within the GCC region. – SG/Agencies
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