New research shows that one in every 100 people working in the UAE is employed in the aluminium sector
The UAE's aluminium industry now accounts for 1.4 percent of the country's economy and is worth AED20 billion ($5.4 billion), according to a new report.
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, and the aluminium sector which has grown around it, supported nearly 61,000 UAE jobs in 2017.
One in every 100 people working in the UAE is employed in the aluminium sector, its supply chain, or through spending of wages by the sector’s employees, noted the report by Oxford Economics.
EGA, which began production as Dubai Aluminium (DUBAL) in 1979, is now one of the largest aluminium companies in the world and is at the centre of the industrial sector.
Sultan bin Saeed Al Mansoori, UAE Minister of Economy, said: “The UAE is proud of the leading national institutions it currently boasts across a number of vital sectors – chief amongst them the aluminium sector, which has contributed to the reputation and economic competitiveness the country enjoys on both the regional and international stage.
"The UAE today is considered one of the world’s largest exporters of this resource – one that is critical to a number of other sectors such as aviation, shipping and construction.
“EGA is a leading company in the sector globally, and has contributed to the positive reputation our country’s economy enjoys in foreign markets, in addition to playing a significant role in local skills development, knowledge transfer, and the creation of economic opportunities across the supply chain."
EGA sells approximately 10 percent of its production to 26 local companies that make products using its metal, from car parts to window frames. The rest of EGA’s production is exported to more than 60 other countries.
The report said every AED1 generated in the aluminium sector was found to create an additional AED 1.26 of activity elsewhere in the economy.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.