Wednesday 26 January 2022

Shaikh Daij bin Salman bin Daij Al Khalifa

Alba’s Line 6 'a game-changer', firm backs downstream park

MANAMA, November 29, 2021

Aluminium Bahrain’s (Alba) Line 6 expansion project, a $3 billion game-changer, has made it the  world’s largest aluminium smelter outside of China, said the company’s chairman Shaikh Daij bin Salman bin Daij Al Khalifa.

Shaikh Daij emphasised that Alba – being one of the key pillars in Bahrain’s economy – is fully committed to endorse the Government’s national initiatives, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, including the national Economic Recovery Plan, which aims to create job opportunities for Bahrainis, enhance the contribution of non-oil sectors, as well as create direct and indirect investments for a circular economy for a better future for Bahrain.

The Chairman also expressed Alba’s keenness to support putting in motion the Aluminium Downstream Park from blue print to reality and serve the cluster of companies with Line 6 metal to further contribute to the Kingdom’s GDP.

Shaikh Daij added: “Bahrain has the most established infrastructure for the local downstream in the Region with the Aluminium sector contributing around 12% to Bahrain’s GDP. The planned Aluminium Downstream Park, situated in the vicinity of Alba campus, will increase the contribution of non-oil sectors to the GDP of Bahrain and grow the exports of the Kingdom through setting-up of different Aluminium manufacturing and recycling projects.”

The project added 540,000 metric tonnes per annum (mtpa) to Alba’s1 million mtpa production, taking its nameplate capacity to more than 1.548 million mtpa (2020).

With this landmark project, Alba will increase its metal supply to a thriving downstream sector, which will ultimately contribute towards Bahrain’s socio-economic development.

Alba is the world’s largest aluminium smelter ex-China with a production of more than 1.548 million mtpa in 2020. With a dual listing on Bahrain Bourse and London Stock Exchange, the company’s shareholders are Bahrain Mumtalakat Holding Company (69.38%), Sabic Industrial Investment Company (SIIC) (20.62%) and General Public (10%). – TradeArabia News Service


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