Investment in Gulf aluminium industry to reach $40 billion

Qatalum, has wrapped up its participation in Aluminium China 2011, which took place recently at the Shanghai New International Expo Centre in Shanghai, China, and of which it was a sponsor. The value of investment in the Gulf aluminium industry is $40 billion, and the industry has 3.5 million tonnes of annual production capacity. Over 40,000 people are employed by the industry 11,000 directly, and 30,000 indirectly and the industry contributes 4-12 per cent annually to the GDP of each GCC country. Overall, the outlook for the Gulf’s aluminium industry primary or downstream products is extremely positive and the industry will continue to provide strong financial returns. Aluminium China is dedicated to the whole supply chain in the aluminium industry and its major application fields, showcased the latest innovations in products and cutting-edge technologies to seamlessly combine the mighty demand existing in Asia and the fast development in emerging aluminium consumers. The 2011 event gathered together professionals and decision makers from the aluminium-related industries. This includes manufacturing and processing, building and construction, automotive and transport, packaging, plant and machinery manufacturing, metalworking, as well as the electronic industries providing an international platform for suppliers of aluminium raw material, semi-finished and finished products, surface treatment and producers of machinery, plant and equipment for aluminium processing and manufacturing.   From / Gulf Today