UAE’s aluminum industry to reach USD55b by 2020

15 Apr 2015

(MENAFN) The investments in the United Arab Emirates’ aluminum industry sector are set to reach a sum of about USD55 billion by the year of 2020, according to an official, Gulf News reported.

The surge in the aluminum industry is due to the decline in oil prices, and as a result, aluminum will become one of the prime non-oil contributors to the region’s economies in the upcoming years.

“Investments in the sector are expected to reach USD55 billion by 2020 compared to USD40 billion in 2014,” the group exhibition director at Reed Exhibitions Middle East said.

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