Emirates Global Aluminium (EGA) plans to begin construction of a $4 billion aluminium plant in the United States next year.
According to a company statement, construction of the facility, which will have a capacity to produce up to 600,000 tonnes of primary aluminum per year, will begin in late 2026 and be completed by 2030.
U.S. President Donald Trump announced $200 billion in deals with the UAE during his Middle East tour of the United Arab Emirates (UAE).
Dubai-based EGA completed its first U.S. acquisition last year, buying 80% of Minnesota-based Spectro Alloys Corp., and said it would make additional investments to counter the impact of U.S. tariffs. Trump suggested that the UAE aluminum smelter would be built in the U.S. because the company would “have to pay a lot of tariffs” if the facility was built in the Emirates. The EGA plant is part of the investment he announced.
EGA said it had signed an exclusive option agreement for land near Tulsa and was in advanced negotiations with the Public Service Company of Oklahoma and the state.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished