Abu Dhabi's aluminum trade hit AED2.8 billion

Abu Dhabi's trade in aluminum hit AED2.8 billion in the first eight months of 2017, accounting for 2.6 percent of the emirate's non-oil economy, the total of which amounted to AED107.4 billion by the end of August, according to Statistics Centre-Abu Dhabi.

The remarkable growth in the aluminum industry translates the great strides taken across the country's non-oil sector over the past ten years, according to industry analysts.

Aluminum industry experts, surveyed by state news agency WAM, attributed the significant growth in the aluminum platform to the growing demand on the commodity locally, regionally and globally, affirming that the UAE has become one of the key players in the industry on account of the mega plants and smelters operating in this sector nationwide.

Abu Dhabi's aluminum imports stood at AED460 million during the monitored period, making up 0.06 percent of the emirate's total imports, with aluminum re-exports reaching around AED 9 million by the end of August, while the exports totaled AED2.3 billion, according to SCAD official figures.

Source: Wam