At Gateway Gulf 2024, an investment forum hosted by the Bahrain Economic Development Board (Bahrain EDB), Aluminium Bahrain (Alba) and Daiki Aluminium Industry Company reaffirmed their strategic partnership by announcing their intention to form a joint venture ‘Alba-Daiki Sustainable Solutions (ADSS)’ which will establish a cutting-edge, sustainable aluminium dross processing facility in Bahrain.
This announcement, made during the forum, underscores Bahrain’s commitment to economic diversification and environmental sustainability. Alba will hold a 70% stake in the joint venture and Daiki will have the remaining 30%. Both partners are targeting to commence operations by September 2026, marking a significant milestone to environmental stewardship and technological advancement in the region.
Khalid Al Rumaihi, Chairman of Alba’s Board; Ali Al Baqali, Alba’s CEO; and Yamamoto Takaaki, Daiki Aluminium Industry Company’s Chairman and Representative Director, were present.
Noor bint Ali Al Khulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, 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. 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”.
On his part, Alba Chairman, 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. This venture aligns perfectly with our commitment to innovation and environmental stewardship, while reinforcing Bahrain’s position as a leader in economic diversification. We’re confident that this collaboration will create significant value for our stakeholders and contribute substantially to the Kingdom’s sustainable development goals”.
While, Daiki Aluminium Chairman, said “Our collaboration with Alba represents a significant milestone in sustainable industrial development, perfectly aligned with the vision showcased at Gateway Gulf 2024. 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. 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.’’
BNA(R)
