Emirates Global Aluminium and Japan’s Itochu to explore industrial projects in the UAE – The National

Emirates Global Aluminium and Japan’s Itochu to explore industrial projects in the UAE – The National

Emirates Global Aluminium (EGA), the UAE’s largest industrial company outside the oil and gas sector, has signed a preliminary agreement with Japanese conglomerate Itochu to explore the development of joint industrial projects in the Emirates.

The move is in line with UAE efforts to expand the industrial base in the Arab world’s second-largest economy under its Operation 300bn programme, as well as co-operation in Industry 4.0 projects, the company said in a statement on Friday.

Operation 300bn, launched in March 2021, is the UAE's 10-year strategy that seeks to increase the industrial sector's contribution to the country's gross domestic product to Dh300 billion ($81.7 billion) by 2031.