FINANCIAL NEWS

GCC to represent 15% of world’s aluminium output: F&S

24 Sep 2012

(MENAFN) A recent report released by Frost & Sullivan (F&S) expected GCC aluminium production to account for over 15 percent of the global production until 2020, Saudi Gazette reported.

This might be achieved if the planned aluminium projects were implemented in the region, particularly in Qatar, the UAE and Saudi Arabia.

Frost & Sullivan expected in its “Outlook for 2020 Mega Trends for the Aluminum Industry In Middle East” that Middle East’s aluminium output will increase significantly in the short to medium term.

It also expected the region to contribute about 15 percent of the total global production of aluminium by 2015.

The report noted that the Middle East traditionally has been exporting a major portion of their production in primary aluminium form.

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