Bahrain Aluminium Industry
Bahrain Aluminium Industry - Outlook Contribution to Bahrain Economy 1.45 Million Units Produced in 2015. 28% of total Bahraini exports. 12% of the Bahrain s GDP Over 5,000 People employed (2014). 20% of the total FDI in Bahrain US 3 Billion: Total Value of Aluminium Industry in Bahrain Global Position 5 th Largest aluminium smelter 21 st in world exports in aluminium products Industry Outlook The aluminium industry in Bahrain is one of the important and strategic sectors that form essential elements of Bahrain's national economy. It is currently the fifth largest aluminium smelter after China, UAE and Russia. The Aluminium industry of Bahrain contributed to 12% of the country s GDP in the 2014. The major countries where Bahrain exported its aluminium products in 2015 were 34.4% to Saudi Arabia, 14.6% to United States of America, 6.9% Algeria, 6.9% Egypt, 6.1% Morocco, 2% to China, 4.4% United Arab Emirates and 4.2% to Turkey.
Bahrain Aluminium Industry - Outlook Trade Data Exports USD 2.192 Billion (2015) Imports USD 0.335 Billion (2015) Top Export Destinations Saudi Arabia USA Algeria Egypt Major Companies in Bahrain 1. Aluminium Bahrain (ALBA) 2. Bahrain Aluminium Extrusion Company (BALEXCO) 3. Midal Cables Ltd. 4. Gulf Aluminium rolling Mill Company (GARMCO) 6. Bahrain Alloy Manufacturing Company (BAMCO) 5. Aluwheel Key Growth Drivers of the Industry The aluminium industry in Bahrain is one of the important sector that forms essential elements of Bahrain's national economy. Infrastructure is the key growth driver for the Bahrain s industry sector. Bahrain allows duty-free access for manufactured goods to many world markets via Free Trade Agreements (FTAs). These include the USA, Singapore and Scandinavia. The industry saw growth because of the rising regional and global demand. The gateway to the Middle East markets are through Kingdom of Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Iraq, Jordan and Turkey.
Bahrain Aluminium Industry - Incentives Incentives for Manufacturing Along with competitive costs, easy access to the rest of the Middle East, and a well-established business infrastructure, you will find that Bahrain has a great deal of experience in understanding the needs of foreign businesses and responding to them. Bahrain regards foreign investment as key for improving the competitiveness of the economy, creating skilled jobs for Bahrainis and enhancing living standards. Benefits : Zero taxation for private companies, few indirect taxes for private enterprises and individuals, and free repatriation of capital. Bahrain is the only country in the region offering 100% foreign ownership of business assets and real estate in most sectors. 50% electricity rebate for the first five years. 100% land rebate for land rental in government industrial areas for the first three years. Export credit facilities are available Custom duties: 100% rebate for the first five years. No restrictions on capital and profit repatriation.
Bahrain Aluminium Industry Supply Chain Local Manufacturing Hubs Aluminum Bahrain (ALBA) signed a contract for the construction of an aluminum smelter with designed capacity of 120,000 tons per year. The Bahrain Aluminum Extrusion Company (BALEXCO) was incorporated at a capacity of 6,000 tons. The plant's capacity was expanded to 21,000 tons. Midal Cables Ltd. was incorporated to produce aluminum electric cables and conductors. The present capacity of Midal Cables is 60,0000 tons per year. The Gulf Aluminum rolling Mill Company (GARMCO) capacity is 120,000 tons per year. Aluwheel, a vehicle aluminum wheel manufacturing company, Aluwheel`s present capacity is 750,000 wheels and 12,000 wheel alloys. Region Wise Product Systems Askar Region Sitra Region Manama Region Sakhir Region Extrusion Billets, liquid metal, Foundry Alloy Ingots, standard ingots, rolling slab, aluminum electric cables and conductors. Aluminum profiles, metal coating and smelting and fabrication, recycled foil, circles, aluminum coils. aluminum alloys of different proportions of silicon for the use in vehicle spare parts and cast products. atomized aluminum powder and pellets that are used in manufacturing paints..
Bahrain Aluminium Industry Investments Investments Announced in the Aluminium Sector The aluminum industry in Bahrain is one of the most key sectors of the economy. The industry has helped diversify the country's income sources and created more employment opportunities. Aluminum product exports were 464,202 tons, and Articles of aluminum were 482,284 tons, at a value of US$ 745 million and US$ 768 million respectively Investment in aluminium industry: 25 companies have so far signed leases to set up their ventures in Bahrain International Investment Park (BIIP) in Hidd. Investment from the leases are estimated at $222.8 million. A further 13 leases will be agreed over the next few months with a total investment of $124.67 million. The cost of ALBA's smelting line No.4 amounted to US$ 1.45 billion while an amount of US$ 136 million was invested in the expansion of the Reduction Line 3 and US$ 170 million in upgrading the smelters cells. Balexco - An aluminum extrusion company invested expansion was $25 million for two new presses, a re-melting unit and a coastline. The amount invested in Aluwheel and Midal Cable's expansion was $10 million.
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