Learn about the companies from the Minerals Sector in UAE
UAE adopted an open economic policy and the country’s economy is dependent mainly upon exports of fuel and mining products. The country’s exports mainly consist of fuel and mining products. This accounts for 30% and 31%, respectively, out of the total exports of the country.
UAE produces a wide range of minerals. The country is one of the top suppliers of aluminium foundry alloy, high-purity aluminium, and extrusion billet to more than 45 countries. It accounts for around 4 per cent of the world’s aluminium smelter production.
When it comes to metals, Dubai is one of the top suppliers in the world. The metals list includes, gold and aluminium. The country is also working on its steel production.
Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), is a leading diamond trade centre in the world. DDE trades both rough and polished diamonds. It has seen an exponential growth in the recent times. The country is also aiming to boost its cement and sulphur production.
The United Arab Emirates is scoring amongst the top countries in mining, minerals and fuel resources and it has provided a wide scope in mineral deals.
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