With an increase in world demand for aluminum at an average of six percent annually, the demand from the Gulf Cooperation Council (GCC) is expected to grow and will drive the Gulf producers to expand their production capacity even further.
The world demand for aluminum is estimated to reach over 70 million tons by the year 2020 from 40 million tons a year currently which would require an additional 30 million tons of aluminum compared to current annual production.
Almost 80 percent of the aluminum produced in the Gulf is exported to different parts of the world firmly placing the Gulf in a prominent position to meet both local and world demand.
In 2011, a number of aluminum downstreams were established in Oman, Saudi Arabia and Abu Dhabi. Above all, the Gulf region has truly become a major hub for the world aluminum business and a significant contributor to the regional economy. This is evident by its continuous growth and the increasing number of organizations with aluminum related businesses.
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