Al-Mudaifer: Gulf region accounts for 10% of global aluminum production

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Saudi Gazette report

RIYADH — Eng. Khalid Al-Mudaifer, deputy minister of business and mineral sources for mining affairs, mentioned that the Gulf area is dwelling to among the largest aluminum manufacturing services globally, accounting for about 10 % of world manufacturing. “The worldwide demand for aluminum is predicted to extend by 20 30 % by 2030, creating development alternatives for all aluminum industries,” the minister mentioned whereas addressing the Arab Worldwide Aluminum Convention (ARABAL) in Riyadh.

Al-Mudaifer mentioned aluminum is a necessary strategic metallic in fashionable life as a result of its distinctive properties. This means that aluminum will stay a strategic metallic for the longer term. He underscored the pivotal position of aluminum throughout various industries.

The minister emphasised aluminum’s widespread use in typical sectors like transportation, development, and meals packaging, whereas highlighting its indispensable position in driving the worldwide power transition. This contains purposes in electrical automobiles, renewable power sources, and power storage programs.

For the reason that launch of Imaginative and prescient 2030, the Kingdom has aimed to determine itself as a key world hub for metallic manufacturing, Al-Mudaifer mentioned whereas mentioning that Saudi Arabia possesses aggressive benefits conducive to reaching this aspiration, equivalent to favorable power costs and a strategically advantageous geographical location. He highlighted the Kingdom’s plentiful mineral wealth, estimated at over $1.3 trillion, its sturdy infrastructure, a robust world funding presence, and a well-educated, and youthful workforce.

“Bauxite and aluminum have been categorized as strategic minerals as a result of their essential significance within the shift in direction of cleaner power. The mining technique goals to attain bold objectives by 2030, together with doubling the manufacturing capability of bauxite and aluminum by two and 4 occasions, respectively, and tripling the first aluminum manufacturing capability. The final word goal is to boost the Kingdom’s rating as one of many prime 10 aluminum producers worldwide,” he added.

The 25th ARABAL, hosted by Ma’aden in Riyadh on Nov. 21-23, was the Center East’s premier commerce occasion for the aluminum business, combining a strategic convention with a world exhibition

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