Mubasher: Aluminium Bahrain (Alba) and Daiki Aluminium Industry Company have jointly reaffirmed their strategic partnership at the Gateway Gulf Forum which launched on 3 November 2024 by announcing their intention to form a joint venture (JV) under the name Alba-Daiki Sustainable Solutions (ADSS).
ADSS aims to establish a sustainable aluminium dross processing facility in Bahrain, with Alba holding a 70% stake in the JV and Daiki Aluminium will have the remaining 30%.
Alba and Daiki Aluminium plan to commence operations by September 2026, a step that marks a significant milestone to environmental stewardship and sustainability as well as technological advancement in the region.
Alba’s Chairman, Khalid Al Rumaihi, said: “This partnership with Daiki Aluminium marks a pivotal moment in Alba's history and Bahrain's industrial landscape. By combining our strengths, we're not just enhancing our operational efficiency, but also setting new standards for sustainable aluminium production in the Gulf.”
Al Rumaihi added: “This venture aligns perfectly with our commitment to innovation and environmental stewardship, while reinforcing Bahrain's position as a leader in economic diversification.”
Launching this JV underscores Bahrain’s commitment to economic diversification, which Khalid Al Falih, the Saudi Minister of Investment, highlighted during his speech on the first day of the Gateway Gulf Forum.
Alba’s official concluded: “We're confident that this collaboration will create significant value for our stakeholders and contribute substantially to the Kingdom's sustainable development goals.”
The two-day investment forum is hosted by the Bahrain Economic Development Board (Bahrain EDB).
From her part, Noor bint Ali Alkhulaif, Chief Executive of Bahrain EDB and the Kingdom’s Minister of Sustainable Development, said: “The strategic alliance between Alba and Daiki Aluminium underscores Bahrain's growing appeal as a global investment hub. This collaboration showcases how our Kingdom's advanced infrastructure, innovation-friendly policies, and talented workforce are attracting transformative projects.”
Alkhulaif added: “It's a clear demonstration of our commitment to sustainable economic diversification and our ability to foster international partnerships that drive long-term prosperity in the Kingdom.”
Meanwhile, Daiki Aluminium’s Chairman and Representative Director, Yamamoto Takaaki, noted: “As the GCC region aims to reach a GDP of around $3 trillion by 2030, this partnership demonstrates how targeted investments can drive both economic growth and environmental progress.”
Takaaki concluded: “By leveraging our century-long expertise in aluminium recycling alongside Alba's world-class operations, we're not just creating a more efficient production process – we're contributing to Bahrain's impressive 84% non-oil GDP.”
Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy, stated today on the first day of the forum that the region's GDP would likely grow to $6 trillion by 2050.
