Dubai Ruler says EGA adds $5bn to UAE economy, creates 60,000 jobs
Sheikh Mohammed said the company which was founded 40 years ago is the world's largest high quality aluminium exporter
As part of the 40th anniversary of the Emirates Global Aluminium (EGA) — formerly Dubai Aluminium — which is equally owned by Mubadala in Abu Dhabi and Investment Corporation of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that the smelter firm currently creates 60,000 jobs.
Sheikh Mohammed said on his Twitter: “40 years ago, Sheikh Rashid bin Saeed Al Maktoum established Dubai Aluminium”, adding that the company has been contributing $5.4bn (AED20bn) to the UAE’s economy annually.
“Dubai Aluminium has become the world's largest high quality aluminium exporter in the world,” he added.
40 years ago, Sheikh Rashid bin Saeed Al Maktoum established Dubai Aluminium. Today, the company creates 60,000 jobs and contributes Dh20 billion to our economy annually. Dubai Aluminium has become the world's largest high quality aluminium exporter in the world. pic.twitter.com/KarF5QEfU3— HH Sheikh Mohammed (@HHShkMohd) November 12, 2019
According to EGA’s website, aluminium production at the firm began on 12 November 1979, and the company was founded in 1975.
EGA is currently carrying out the production ramp-up at its Al Taweelah alumina refinery in Abu Dhabi. The $3.3bn (AED12.1bn) project that is the UAE’s first alumina refinery has been producing 600,000 tonnes of alumina since it began operations at the new facility in April.
Al Taweelah alumina refinery is expected to produce more than one million tonnes of alumina in total by the end of 2019.
The facility contains 9,500 instruments, 222 tanks, enough piping to stretch from Abu Dhabi to Muscat, and cabling that would reach from Abu Dhabi to Cairo.