AED 1 billion Abu Dhabi Aluminum trade during January and February

MEDIA IN, Abu Dhabi, May 22, 2018 (WAM)

 The value of Abu Dhabi’s aluminum trade rose to about AED 1 billion in January and February in a move that reflects the continued growth of this type of industry, in which the UAE has a significant position in the world.
Abu Dhabi’s aluminum trade accounted for 4.2% of its total trade during the first two months of 2018, according to statistics released by the Abu Dhabi Statistics Center on non-oil trade in the emirate.
Industry experts expect the development of Abu Dhabi and the state of aluminum to continue in the coming period, especially in view of the great activity shown by the factories operating in the sector after the mergers witnessed during the past years and contributed to increase their productivity and raise their competitiveness with their international counterparts.
According to official figures, the value of Abu Dhabi’s aluminum trade during the year 2017 exceeded 5.4 billion dirhams, which is twice the value recorded in 2016
Emirates International Aluminum Company, the largest industrial company in the UAE, announced a few days ago that its production exceeded 30 million tons of cast metal.
The aluminum produced by the company is mainly used in the construction, automotive and electronics industries locally and globally, which contributes to the diversification of sources supporting the national economy.
During the first two months of this year, Abu Dhabi’s trade in aluminum exports reached 800 million dirhams, according to figures released by the Statistics Center, while the value of imports reached more than 120 million dirhams.