Unveiling the rising opportunities for Aluminium Downstream Industries in Qatar, Azem Project Development, in Knowledge Partnership with Frost & Sullivan organised a day-long conference at Intercontinental Hotel the City, Doha, Qatar. Held under the patronage of H. E. Dr. Mohammed Bin Saleh Al Sada – Minister of Industry & Energy, the conference presented investment opportunities related to Aluminum Downstream with high returns to the private sector.
The Aluminium production in the GCC is estimated at about 3.5 million Tonnes, which represents about 7 per cent of the World total output. Further, the Aluminium Downstream Industries in Qatar have become important to suffice the demand from local and other international markets. With high quality and competitive products, the industry will contribute significantly towards achieving the industrial diversification of Qatar.
Speaking about non-oil development in the Gulf Co-operation Council (GCC), Venkatesan Subramanian, Vice President and Global Leader, Metals & Minerals, Frost & Sullivan said, “Major Government-based oil companies and investment bodies are venturing into the Aluminium industry in the GCC to diversify and take advantage of the low cost utilities. This industry can further boost the GDP and offtake the risk put forth by diminishing oil reserves in the region”.
The total investments in Aluminium downstream projects are about QAR 1.2 Billion, with production capacity close to 260,000 Tonnes per year for different types of Aluminium products. The total demand for such products is more than 2.8 Million Tonnes in the Middle East and North Africa (MENA) region.
As a Knowledge Partner for the conference, Frost & Sullivan presented on project development, project financials, price premiums and market analysis for downstream products like Aluminium Wire Rods and Conductors, Aluminium Wheels and Casting, Aluminium Industrial Extrusions and Aluminium Foundry Alloys, amongst others.
Wednesday, May 28- 2014 @ 9:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.