United Arab Emirates, 18 October 2022: Emirates Global Aluminium, the largest industrial company
in the United Arab Emirates outside oil and gas, has identified hundreds of millions of dirhams of
annual procurement spend on imported goods that the company believes could be manufactured
locally, contributing to the achievement of the UAE’s Operation 300bn industrial growth strategy, and growing the national economy.
The opportunities are for general materials, industrial equipment and spare parts that are commonly
required across industries but are not currently manufactured in sufficient volume or at all in the UAE.
EGA’s drive to further localise the procurement of materials is in line with Operation 300bn, the UAE’s
strategy to more than double the size of its industrial sector by 2031 and Make it in the Emirates.
EGA’s procurement spend totalled over AED 17 billion in 2021, with 46 per cent supplied by local
companies. EGA’s largest expenditures are on raw materials, some of which can only be produced in
countries with a natural resource endowment absent in the UAE.
Last year, EGA joined the Ministry of Industry & Advanced Technology’s In-Country Value
programme, which aims to redirect public and private procurement of products and services to the
local economy. EGA prioritises local suppliers whenever they are commercially-competitive and meet
the company’s quality and sustainability requirements.
Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium said: “At EGA we aim
to double our absolute contribution to the economy of the UAE by 2040, and local procurement is part
of that. We procured over AED 8 billion of goods and services in the UAE last year. We want to
stimulate the development of new manufacturing in the UAE to meet more of our demand to boost
this local spending further.”
Press Release
The opportunities EGA has identified include industrial filtration and purification equipment, structural
materials and pipes, metal tapping accessories and casting moulds, valves, electrical equipment such
as sockets and wires, gaskets and seals, mobile equipment spares, measuring equipment, and drive
components.
EGA is separately working with the Ministry of Industry & Advanced Technology to highlight to
potential investors the opportunities to develop UAE production of some major raw materials the
company needs that could be locally produced, where EGA’s long term demand could make these
projects viable.
