Bahrain’s Commitment to Sustainable Growth: Alba and Daiki Aluminium Partner to Build Cutting-Edge Aluminum Waste Processing Facility
At the recent Gateway Gulf 2024 investment forum, hosted by the Bahrain Economic Development Board (EDB), a landmark announcement was made: Aluminium Bahrain B.S.C. (Alba) and Daiki Aluminium Industry Company Ltd. have joined forces to create a joint venture, Alba-Daiki Sustainable Solutions (ADSS). This strategic partnership will establish a state-of-the-art and sustainable aluminum waste processing facility in the Kingdom of Bahrain.
The announcement, made during the forum, underscores Bahrain’s unwavering dedication to economic diversification and environmental sustainability. Alba will hold a 70% stake in the joint venture, while Daiki will hold the remaining 30%. The partners are targeting September 2026 for the commencement of operations, marking a significant milestone for environmental management and technological advancement in the region.
The forum was graced by the presence of esteemed figures, including Alba’s Chairman of the Board, His Excellency Khalid Al Rumaihi; Alba’s Chief Executive Officer, Ali Al Baqali; and Daiki Aluminium Industry Company Ltd.’s President and Representative Director, Yamamoto Takaaki.
A Partnership that Enhances Bahrain’s Global Investment Appeal
Her Excellency Noor bint Ali Alkhulaif, Minister of Sustainable Development and CEO of Bahrain EDB, highlighted the significance of this strategic alliance, stating, “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, pro-innovation policies, and talented workforce are attracting transformative projects. It is 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.”
A Commitment to Innovation and Environmental Management
His Excellency Khalid Al Rumaihi emphasized the importance of this partnership for both Alba and the broader industrial landscape of Bahrain. He stated, “This partnership with Daiki Aluminium marks a pivotal moment in Alba’s history and within Bahrain’s industrial landscape. By combining our strengths, we are not only enhancing our operational efficiency but also setting new standards for sustainable aluminum production in the Gulf. This initiative aligns perfectly with our commitment to innovation and environmental management while reinforcing Bahrain’s position as a leader in economic diversification. We are confident that this collaboration will create significant value for our stakeholders and contribute substantially to the Kingdom’s sustainable development goals.”
A Legacy of Sustainability and Growth
Yamamoto Takaaki, President and Representative Director of Daiki Aluminium Industry Company Ltd., expressed his company’s excitement about this strategic collaboration. He said, “Our collaboration with Alba represents a significant milestone in sustainable industrial development, aligned with the vision presented at Gateway Gulf 2024. As the GCC region aspires to achieve a US$3 trillion GDP by 2030, this partnership demonstrates how targeted investments drive both economic growth and environmental progress. By leveraging our century-long experience in aluminum recycling alongside Alba’s world-class operations, we are not only creating a more efficient production process but also contributing to Bahrain’s impressive 84% non-oil GDP.”
This partnership between Alba and Daiki Aluminium underscores the growing significance of sustainability and responsible practices in the global aluminum industry. The establishment of the aluminum waste processing facility in Bahrain is a testament to both companies’ commitment to driving sustainable growth and innovation, solidifying Bahrain’s position as a leading hub for environmentally conscious industrial development in the region.
