The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Dubai a hub for metals trade

posted on 20/04/2010: 2762 views



The UAE has fast emerged as a hub for metals trade and sees refining and re-export of 70,000 to 100,000 tonnes of non-ferrous metals every month – most of it in Dubai – industry insiders told ‘Emirates Business'.

The total turnover of the largely silent industry stands at Dh16.5bn. This does not include companies like Emal and Dubal that smelt aluminium from alumina. The figure also does not include the turnover of steel producers in the country and excludes the high volume of gold being re-exported from Dubai.

"The UAE is ideally placed to import scrap from Africa, refine it or assort it and then re-export it. Refined metals is exported to India, China, Indonesia and to certain destinations within the Middle East and Europe," said Navin Sharma, the Vice-President (Marketing) with Gravita India Limited that has its trading office in Dubai.

Besides the ideal location that helps re-export, cheaper energy prices have been propelling the trade in the UAE, Sharma said. There are about 150 companies involved in exporting metals from the country and about 60 of them are refiners. The companies deal primarily in metals like aluminium, copper and zinc. "Licensing to companies dealing in metals is controlled and the numbers could swell further if these restrictions are eased."

A large volume of this trade is limited to importing scrap, assorting it and then re-exporting it. – Emirates Business 24|7

RELATED ARTICLES

09 August 2016 Dubai Industrial Park opens 70 warehouses and storage spaces for lease
25 October 2015 Sharjah unveils Al Saja'a Industrial Oasis
07 October 2015 Dubai Industrial City registers 28% growth in revenue and 59% increase in gross profit
02 September 2015 Investments in the UAE industrial sector amounts to Dh127b
28 April 2015 Performance of industrial sector of Abu Dhabi continues to improve in first half of 2014


Most Read