MANAMA - Bahrain’s aluminium industry will account for 15 to 16 per cent of the kingdom’s gross domestic product (GDP) with the beginning of the commercial operations of Alba brownfield Line 6 Expansion Project next year, a top official said.
“The aluminium industry is one of the strategic sectors that has led Bahrain’s economic diversification and currently accounts for 12pc of the kingdom’s GDP. We see the contribution rising to 15 to 16pc with Line 6 Expansion Project,” said Alba’s chief executive Tim Murray.
Expected to begin production by January 1, 2019, the project will boost the smelter’s annual production by 540,000 tonnes, bringing its total production capacity to 1.5 million tonnes per year.
With the ramp-up of production, approximately 50pc of its output will be sold to a vibrant downstream aluminium sector in the kingdom, while the rest will be exported, predominantly to the US, Europe and Asia, Mr Murray said.
Commenting on Alba’s support for the GIF 2018, Mr Murray said: “The Gulf Industry Fair is an important annual event that showcases Bahrain as a leading industrial hub in this region as well as promotes Bahrain’s aluminium industry.
“As a significant contributor to the economy of Bahrain, Alba is proud to represent the aluminium industry at the GIF every year and we look forward to networking with our partners in this platform.”
© Copyright 2018 www.gdnonline.com
“The aluminium industry is one of the strategic sectors that has led Bahrain’s economic diversification and currently accounts for 12pc of the kingdom’s GDP. We see the contribution rising to 15 to 16pc with Line 6 Expansion Project,” said Alba’s chief executive Tim Murray.
Expected to begin production by January 1, 2019, the project will boost the smelter’s annual production by 540,000 tonnes, bringing its total production capacity to 1.5 million tonnes per year.
With the ramp-up of production, approximately 50pc of its output will be sold to a vibrant downstream aluminium sector in the kingdom, while the rest will be exported, predominantly to the US, Europe and Asia, Mr Murray said.
Commenting on Alba’s support for the GIF 2018, Mr Murray said: “The Gulf Industry Fair is an important annual event that showcases Bahrain as a leading industrial hub in this region as well as promotes Bahrain’s aluminium industry.
“As a significant contributor to the economy of Bahrain, Alba is proud to represent the aluminium industry at the GIF every year and we look forward to networking with our partners in this platform.”
© Copyright 2018 www.gdnonline.com
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