Statistical data shows that the Gulf aluminium industry is growing by 8.4% annually, compared to an average annual global expansion of 3.5%, making the Middle East the fastest growing aluminium market in the world, said the event organisers who cited figures by Harbor Intelligence, a firm specialised in global aluminium market trends, analysis and forecasts.
Gulf region's aluminium production reached 3,739,290 tons, in 2012 compared to 3,488,357 tons in 2011 and is expected to increase to 5 million tons by 2015, making the Gulf region the biggest single player worldwide.
They say the region is not only one of the key aluminium producers in the world, but is also among major consumption markets of the metal.
The Gulf aluminium industry has several competitive advantages over its counterparts across the globe. These include huge reserves of raw materials, energy and natural gas.