Ungated Post | 19 Dec 2018
The impact of the aluminium sector on the UAE economy
Production of aluminium and of semi-finished aluminium products supports just over 60,000 jobs in the UAE, once supply chain linkages and employee spending impacts are taken into account. This is associated with a US $5.47 billion contribution to UAE GDP.
The UAE’s aluminium sector, which comprises the major primary aluminium producer Emirates Global Aluminium (EGA), and its domestic business customers who make semi-finished aluminium products, contributed US $2.42 billion to UAE GDP in 2017. The sector’s high labour productivity, by global and local standards, meant that this required only 10,110 directly-employed workers. However, taking supply chain linkages (‘indirect impacts’), and staff spending effects (‘induced impacts’) into account, in total the sector supported 60,950 UAE-based jobs across the manufacturfing, construction, energy and utilities, and services sectors. That is equivalent to 1.0 percent of all UAE jobs, and means that for every job in the aluminium sector itself, a further five roles are supported elsewhere in the national economy. The total contribution to national GDP associated with that was US $5.47 billion, or 1.8 percent of total non-oil GDP.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Christie Tang
+852 3974 8841
Email
Related Services
Post
The Digital Trust Workforce: Global Edition
In collaboration with SGTech, The Digital Trust Workforce: Global Edition consolidates insights from our survey and expert conversations, providing actionable steps for organisations hoping to close the digital trust skills gap and leverage digital trust.
Find Out More
Post
What CTOs Think; Navigating the Path to the AI Enterprise
"What CTOs Think: Navigating the Path to the AI Enterprise” is a report that explores how CTOs are approaching this current era of digitalization and offers recommendations for a successful transformation to an AI-powered enterprise. The survey, conducted in collaboration with Oxford Economics, covers 2,000 C-suite leaders, including 509 CTOs, across nine countries and 18 sectors, including Aerospace, Automotive, Energy, Life Sciences, and Technology.
Find Out More
Post
2024 Fujitsu SX Survey: Accelerating Sustainability Transformation with AI
In the face of rapid technological advancements, businesses and society are undergoing significant transformations. At the same time, addressing sustainability issues such as geopolitical tensions and climate change remains a critical management challenge.
Find Out More