February 23, 2026
Methodology About Newsletter
WE THE UAE 2031
The Vanderbilt Terminal for the UAE's National Transformation
INDEPENDENT GLOBAL INTELLIGENCE FOR THE UNITED ARAB EMIRATES
UAE GDP: AED 2.03T ▲ 5.7% | Non-Oil GDP Share: 84.3% ▼ -5.2pp | FDI Inflows: $45.6B ▲ 48.7% | GDP Growth: 4.0% ▲ -0.3pp vs 2023 | Inflation: 1.7% ▼ +0.0pp vs 2023 | Female Participation: 55.1% ▲ +0.6pp vs 2023 | Population: 11.0M ▲ 4.8% | Emiratisation Rate: 12.5% ▲ 2.1pp | Global Competitiveness: #7 ▲ 3 places | Clean Energy Capacity: 7.2 GW ▲ 18.4% | ADX Index: 9,842 ▲ 4.7% | DFM Index: 4,621 ▲ 6.2% | UAE GDP: AED 2.03T ▲ 5.7% | Non-Oil GDP Share: 84.3% ▼ -5.2pp | FDI Inflows: $45.6B ▲ 48.7% | GDP Growth: 4.0% ▲ -0.3pp vs 2023 | Inflation: 1.7% ▼ +0.0pp vs 2023 | Female Participation: 55.1% ▲ +0.6pp vs 2023 | Population: 11.0M ▲ 4.8% | Emiratisation Rate: 12.5% ▲ 2.1pp | Global Competitiveness: #7 ▲ 3 places | Clean Energy Capacity: 7.2 GW ▲ 18.4% | ADX Index: 9,842 ▲ 4.7% | DFM Index: 4,621 ▲ 6.2% |

Definition

Emirates Global Aluminium (EGA) is the UAE’s largest industrial company outside the oil and gas sector and one of the world’s top aluminium producers. Formed in 2013 through the merger of Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL), EGA is jointly owned by Mubadala Investment Company of Abu Dhabi and Investment Corporation of Dubai. The company operates smelters in Jebel Ali (Dubai) and Al Taweelah (Abu Dhabi), producing over 2.5 million tonnes of cast metal annually. EGA is notable for developing its own proprietary smelting technology, a rare capability among global aluminium producers.

UAE Context

EGA’s aluminium is a cornerstone of the UAE’s non-oil industrial output, with its products used in automotive, aerospace, construction, packaging, and electronics sectors by customers in over 60 countries. The company accounts for a significant portion of the UAE’s non-oil exports and directly employs thousands of workers. EGA’s in-house DX+ Ultra technology, one of the most energy-efficient smelting technologies in the world, is itself a commercially licensed product, generating technology transfer revenue. The company operates its own power plant and bauxite mine in the Republic of Guinea, giving it an integrated supply chain from raw material extraction through finished metal production.

Key Data

  • Formed: 2013 (merger of DUBAL and EMAL)
  • Annual production: Over 2.5 million tonnes of cast aluminium
  • Ownership: Mubadala Investment Company and Investment Corporation of Dubai (50/50)
  • Smelter locations: Jebel Ali (Dubai) and Al Taweelah (Abu Dhabi)
  • Export markets: Over 60 countries
  • Headquarters: Abu Dhabi

Significance for Vision 2031

EGA embodies the UAE’s industrial diversification ambitions. As the largest non-oil industrial company in the country, EGA demonstrates that the UAE can compete globally in capital-intensive manufacturing sectors. The company’s investments in solar-powered aluminium production and its exploration of carbon capture technologies position it as a leader in sustainable industrial practices, directly supporting Vision 2031’s dual objectives of economic diversification and environmental sustainability.

  • Emirates Steel - Fellow UAE heavy industry champion in metals
  • ADNOC - Energy partner in industrial decarbonization efforts
  • Net Zero 2050 - Climate strategy driving EGA’s clean production investments