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The UAE’s largest oil and gas industry company, Emirates Global Aluminium, has announced that it has pledged to double its contribution to the national economy by 2040.
Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium, who participated in the “Make it in the Emirates Forum” organised by the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, said: “Emirates Global Aluminium is the largest industrial company in the Beyond oil and gas in the UAE, we are at the heart of one of the country’s most important economic sectors. We are committed to doubling our absolute contribution to the national economy by 2040, and one of the ways we do this is by Increase local sourcing.
“We already spend around $1.6 billion a year on our supply chain in the UAE. The Ministry of Industry and Advanced Technology’s domestic value programme, and events like Make it in the Emirates Forum, will help us to take this even further,” he said.
The forum aims to promote industrial growth in the UAE, contribute to economic development, and improve supply chain resilience.
With the theme of “Investment, Cooperation, Growth”, the forum is expected to attract more than 1,300 representatives, including investors, and 20 high-level representatives from large state-owned enterprises and government agencies.
EGA’s aluminium is the UAE’s largest export after oil and gas and is shipped to more than 50 countries around the world.
EGA sells about 10% of its metal production in the UAE to 26 local companies that manufacture everything from auto parts to window frames for local industries and export them around the world. – arab trade news agency
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