United Arab Emirates Metals Report 2016
BMI View: The UAE will see rapid growth in metals consumption over the coming years after a slew ofconstruction projects. Production growth will also be high given expansion plans by the major players andthus the UAE will remain a major metals exporter in the region.
We expect the UAE to be a key driver of metals demand on a global level as the country embarks on aninfrastructure spending binge. Given our expectation for rapid growth in the economy, as well as the hostingof the World Expo 2020, steel and aluminium consumption growth will be in double digits for the period to2018. Production growth will also be significant given plans by Emirates Global Aluminium andEmirates Steel and ensure the country maintains its position as the Gulf's largest metals exporter in thecoming decade.
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