18 MARCH 2015AlCircle.com
Middle East invests in bauxite, alumina and infrastructure in Africa
Edited by : AL CIRCLE
1 min read
While Chinese investments in Africa get enough media coverage, Middle East is silently entering the African continent with their own plans for strategic investment.
Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) is planning a US$5 billion investment to develop the upstream industry which includes a bauxite mine, alumina refinery and port in Guinea as well as in West Africa.
While bauxite is an important resource for Africa, with Guinea being the largest supplier of bauxite in the world, aluminium is now a key industry for the Middle East. UAE in a bid to reduce their dependence on oil has diversified to the lighter metal and has a strong state support in the industry.
According to the Agreement, the bauxite mine will be ready to export ores by 2017while the alumina refinery should be operational by 2022.
Middle East is also involved in other kinds of investments including infrastructural investment worth US $ 16 billion made by Trojan General Contracting to build roads, bridges and other necessary infrastructural components in West Africa.
Abu Dhabi’s Mubadala Development and Dubai Aluminium (Dubal) is planning a US$5 billion investment to develop the upstream industry which includes a bauxite mine, alumina refinery and port in Guinea as well as in West Africa.
While bauxite is an important resource for Africa, with Guinea being the largest supplier of bauxite in the world, aluminium is now a key industry for the Middle East. UAE in a bid to reduce their dependence on oil has diversified to the lighter metal and has a strong state support in the industry.
According to the Agreement, the bauxite mine will be ready to export ores by 2017while the alumina refinery should be operational by 2022.
Middle East is also involved in other kinds of investments including infrastructural investment worth US $ 16 billion made by Trojan General Contracting to build roads, bridges and other necessary infrastructural components in West Africa.
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