Emirates Global Aluminium is strategic partner of Annual Investment Meeting (AIM) 2015

The UAE Ministry of Economy , organisers of Annual Investment Meeting (AIM), has announced that Emirates Global Aluminium (EGA) has been named strategic partner of the 5th edition of the event which will be held at the Dubai international Convention and Exhibition Center from March 30 to April 1, 2015, under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, and Ruler of Dubai.

His Excellency Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy - Foreign Trade sector, hailed EGA as a major supporter of the national economy and a global giant in the production of aluminium. "We consider its strategic partnership with AIM as a symbol of its support to innovation and this move will highlight the significance of industrial investment worldwide."

EGA, the world's fifth largest aluminium producer, is a 50/50 joint venture between Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai. EGA's core operating assets are Dubai Aluminium ( DUBAL ) and Emirates Aluminium (EMAL) - with combined annual production of 2.4 million tonnes per annum (tpa).

EGA has firm plans for significant local growth and international expansion in the fields of aluminium manufacturing spanning smelting and refinery of alumina and bauxite mining. It will also contribute to support the continued growth of the aluminiumindustry regionally and globally.

HE Al Saleh said: "We are very pleased with this strategic partnership between AIM 2015 and EGA. EGA has emerged as an industrial conglomerate and set itself as a model of successful mergers between companies."

HE Abdulla Kalban, MD & CEO of EGA said: "This strategic partnershipwill help strengthen the global role of AIMas an ideal platform for the exchange of expertise and knowledge. This year'stheme "Sustainable Development through FDI Induced Innovation and Technology Transfer" is aligned with the strategy of EGA. It opens new opportunities for both sides."

"Participants in AIM 2015 will have the opportunity to look closely at the mergermodel as well asgetan overview of our products and ourposition on the local and global fronts."

EGA has alsoforeign investments, including Guinea Alumina Corporation, a project to develop an alumina refinery and associated bauxite mine in Guinea (West Africa). Other upstream opportunities are being investigated in Africa, Asia and South America.

The UAE companyhas ambitious plans for the supply of raw materials which is currently an industry challenge. In line with these plans it has acquired the bauxite mine in Guinea.

Al Saleh added: "Our experience has proved that mergersare commercially and administratively ideal if conditions and financialfoundations are strong as it leads to lower costs and higher competitiveness which pave the way to tap new markets and focus on innovation."

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