Business Intelligence Middle East
GCC aluminium output to reach 10% of global production
Edited by : AL CIRCLE
2 min read
UAE. The Gulf Cooperation Council (GCC) Aluminium industry is set to grow to 10%-11% of global aluminium production, gaining the stature of global aluminium destination along with oil wealth.
The GCC possesses some great advantages including:
- low power cost (4 cents / Kwhr) as well as Gas price US$2-US$4 MMBTU);
- favorable logistics owing to well connected airports and sea ports to all global destinations;
- skilled manpower supply from Asian neighbors providing knowledge transfer to local manpower and adding to their employment opportunities.
According to Frost & Sullivan, GCC smelters are now actively engaged in downstream development to instigate local demand and value addition to primary aluminium production.
Another advantage to GCC down stream industry is the availability of liquid metal which provides further competitive edge on production cost over other international players.
This is also appropriately supported by the respective Government ministries to promote the Aluminium Industries’ development by facilitating rapid clearance and awarding subsidies for the green field projects.
Note. Perspective by S Venkatesan, Director, Metals and Minerals Practice, Middle East, North Africa and South Asia, Frost & Sullivan.
Frost & Sullivan, a Growth Partnership Company, enables clients to accelerate growth and achieve bestin- class positions in growth, innovation, and leadership.
The GCC possesses some great advantages including:
- low power cost (4 cents / Kwhr) as well as Gas price US$2-US$4 MMBTU);
- favorable logistics owing to well connected airports and sea ports to all global destinations;
- skilled manpower supply from Asian neighbors providing knowledge transfer to local manpower and adding to their employment opportunities.
According to Frost & Sullivan, GCC smelters are now actively engaged in downstream development to instigate local demand and value addition to primary aluminium production.
Another advantage to GCC down stream industry is the availability of liquid metal which provides further competitive edge on production cost over other international players.
This is also appropriately supported by the respective Government ministries to promote the Aluminium Industries’ development by facilitating rapid clearance and awarding subsidies for the green field projects.
Note. Perspective by S Venkatesan, Director, Metals and Minerals Practice, Middle East, North Africa and South Asia, Frost & Sullivan.
Frost & Sullivan, a Growth Partnership Company, enables clients to accelerate growth and achieve bestin- class positions in growth, innovation, and leadership.
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