International aluminium players are casting a keen eye on the Gulf as cheap natural gas provides the same investment rationale that attracted major petrochemical names to the region.
Governments have been promoting industrial development as a means to expand their economies and drive job creation, and they have turned to basic metals such as aluminium.
US and European chemical companies have already formed joint ventures with government-owned entities to create a thriving petrochemical industry. Foreign aluminium companies see the petrochemical industry as a valid model for their own entry into the region.
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