MANAMA, Bahrain, Nov. 3, 2024 /PRNewswire/ — At Gateway Gulf 2024, an funding discussion board hosted via the Bahrain Financial Construction Board (Bahrain EDB), Aluminium Bahrain B.S.C. (Alba) and Daiki Aluminium Trade Corporate Ltd. reaffirmed their strategic partnership via saying their aim to mode a three way partnership ‘Alba-Daiki Sustainable Answers (ADSS)‘ which is able to determine a state-of-the-art, sustainable aluminium dross processing facility within the Kingdom of Bahrain.
At Gateway Gulf 2024, an funding discussion board hosted via the Bahrain Financial Construction Board (Bahrain EDB), Aluminium Bahrain B.S.C. (Alba) and Daiki Aluminium Trade Corporate Ltd. reaffirmed their strategic partnership via saying their aim to mode a three way partnership ‘Alba-Daiki Sustainable Solutions (ADSS)’ which is able to determine a state-of-the-art, sustainable aluminium dross processing facility within the Kingdom of Bahrain.
This announcement, made all over the discussion board, underscores Bahrain’s constancy to financial diversification and environmental sustainability. Alba will stock a 70% stake within the (JV) and Daiki can have 30%. Each companions are focused on to begin operations via September 2026, marking an important milestone to environmental stewardship and technological development within the patch.
The Discussion board was once attended via Alba’s Chairman of the Board, HE Khalid Al Rumaihi, Alba’s CEO Ali Al Baqali, and Daiki Aluminium Trade Corporate Ltd.’s Chairman and Consultant Director, Yamamoto Takaaki.
HE Noor bint Ali Alkhulaif, Minister of Sustainable Construction, Govt of Bahrain EDB, commented at the partnership: “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. 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.”
HE Khalid Al Rumaihi stated: “This partnership with Daiki Aluminium marks a pivotal date in Alba’s historical past and Bahrain’s business soil. By way of combining our strengths, we’re now not simply bettering our operational potency, but additionally environment untouched requirements for sustainable aluminium manufacturing within the Gulf. This challenge aligns completely with our constancy to innovation and environmental stewardship, life reinforcing Bahrain’s place as a pacesetter in financial diversification. We’re assured that this collaboration will develop vital worth for our stakeholders and give a contribution considerably to the Kingdom’s sustainable building objectives.”
Yamamoto Takaaki stated: “Our collaboration with Alba represents an important milestone in sustainable business building, aligned with the optical showcased at Gateway Gulf 2024. Because the GCC patch objectives to succeed in a GDP of USD3 trillion via 2030, this partnership demonstrates how focused investments pressure each economic development and environmental go. By way of leveraging our century-long experience in aluminium recycling along Alba’s world-class operations, we’re now not simply making a extra environment friendly manufacturing procedure – we’re contributing to Bahrain’s remarkable 84% non-oil GDP.”
Picture – https://mma.prnewswire.com/media/2547598/Bahrain_Alba_and_DiK.jpg
SOURCE Bahrain
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