Senior officials from the Abu Dhabi Department of Economic Development visits EGA
Enhancing the role of the aluminium industry in the industrial sector in Abu Dhabi
United Arab Emirates: His Excellency Khaleefa Salem Al Mansouri, Acting Undersecretary at the Department of Economic Development—Abu Dhabi, affirmed that the Abu Dhabi government is committed to building an industrial sector that is globally competitive. At the same time, His Excellency identified the investment opportunities available in the emirate through the adoption of the latest technologies and innovations in various strategic sectors.
This news came as a delegation from the Department of Economic Development visited Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, at Khalifa Industrial Zone (KIZAD). During the visit, the delegation was briefed by Abdulla Kalban, Managing Director and Chief Executive Officer at EGA, on the company’s contributions to Abu Dhabi and the national economy of the UAE.
During the visit, His Excellency Khaleefa Salem Al Mansouri said:
“As one of the most important industrial companies in Abu Dhabi, EGA plays an important role in the emirate by feeding into small and medium industries and actively supporting the contribution that the industrial sector in Abu Dhabi makes to the gross domestic product of the emirate, which achieves sustainable economic development and advances the Abu Dhabi Economic Vision 2030.”
He added that EGA is considered the largest industrial company in the UAE outside the oil and gas and applauded the growth by the company since the seventies to convert the UAE from a country of no aluminium production to the fifth largest producing country worldwide.
HE Khalifa Al Mansoori said that the Department of Economic Development intends to develop the industrial sector in the emirate by focusing its support on the largest existing industries in Abu Dhabi, namely iron, steel, aluminium and petrochemicals, and will do so by connecting them to other targeted industries such as aviation, defence, industrial equipment, plastic products and products derived from metal. This approach will energize new sectors associated with other industries such as the food industry, pharmaceuticals, renewable energy and others.
HE Khalifa Salem Al Mansouri and his accompanying delegation from the Department of Economic Development were updated by Abdulla Kalban, Managing Director and CEO, on the company's position in the industrial sector in Abu Dhabi, and its strategic plans to promote its products and its geographic expansion of its business at the regional and international levels.
Abdulla Kalban said: “Our company relies on a competitive local supply chain and a growing downstream customer base in the UAE to achieve commercial success. Both have grown with us over the decades and we were pleased to brief His Excellency on how together we have made a major contribution to the industrial prosperity and economic development of the UAE.”
The delegation toured EGA’s Al Taweelah aluminium smelter and the nearby construction site of its upcoming Al Taweelah alumina refinery. EGA’s industrial complex at Al Taweelah is five times larger than Al Maryah Island in Abu Dhabi.
EGA operates aluminium smelters in Abu Dhabi and Dubai. The smelters produce almost one tonne in every 25 tonnes of aluminium made worldwide. EGA’s aluminium is the second largest made-in-the-UAE export outside oil and gas and is shipped to more than 60 countries.
About 10 per cent of EGA’s aluminium production is sold domestically to 26 downstream companies in the UAE that make products using the metal. The aluminium sector in the UAE as a whole employs some 30,000 people, making it the biggest employer amongst the UAE’s energy intensive industries.
EGA spends around $1 billion per year in the UAE to support its capital projects and operations. This is about 40 per cent of EGA’s total spending.All News