Media ININ Economy We Trust
MEDIA, Abu Dhabi, September 27, 2018 (WAM
) During the first seven months of 2018, the value of the aluminum trade in the Emirate of Abu Dhabi amounted to approximately AED 2.6 billion, the same value as during the same period of 2017. Figures from the Abu Dhabi Statistics Center showed that Abu Dhabi’s aluminum trade accounted for 2.6% of its total non-oil trade during the period from January to July 2018 at AED 94.1 billion. The aluminum industry in Abu Dhabi and the UAE is expected to see more The development in the coming period, especially with the increasing demand for this product, which is of high quality compared with its counterparts in other countries. Abu Dhabi’s aluminum trade doubled during the year 2017 compared to the previous year, amounting to 5.4 billion dirhams, according to statistics, which was considered a qualitative leap for the industry, which has seen mergers over the past years resulted in the emergence of large entities operating in the sector. The 2013 merger between Dubai Aluminum Company (DUBAL) and Emirates Aluminum Company (ADP) resulted in Emirates Aluminum Company a milestone in building a giant industrial entity in the aluminum sector. The total value of the company’s new assets and business was over $ 15 billion, The world’s largest producer of aluminum. According to Statistics Center, the value of Abu Dhabi’s exports of aluminum during the first seven months of this year about 2.1 billion dirhams, while the value of re-exports of this commodity 160 million dirhams and about 458 million dirhams registered under imports. Aluminum produced by aluminum companies in Abu Dhabi and the UAE is used in many economic activities, including construction, automotive, electronics and other activities
