Emirates Global Aluminium (EGA) and ITOCHU Corporation of Japan have entered into a Memorandum of Understanding (MoU) to enhance cooperation on aluminium production growth, decarbonisation efforts, and the development of UAE industries in EGA’s supply chain.
The signing of the agreement took place at the Japan-UAE Business Forum in Abu Dhabi, with H.H. Sheikh Hamed bin Zayed Al Nahyan and Japan’s Prime Minister Fumio Kishida as witnesses.
EGA and ITOCHU have a longstanding relationship that dates back to the 1980s, with ITOCHU marketing EGA’s metal to customers in Japan and supporting Japanese companies’ operations worldwide.
The new MoU further strengthens the partnership, building on a previous agreement signed in Tokyo last year. It aims to leverage the industrial capabilities of both companies, creating opportunities that complement EGA’s existing operations in the UAE.
Abdulnasser bin Kalban, CEO of EGA, expressed enthusiasm about expanding the partnership, emphasizing its significance in enhancing the trade relationship between the UAE and Japan.
Keita Ishii, President and COO of ITOCHU Corporation, emphasized the importance of the commercial relationship between ITOCHU and the UAE, and their joint goal to meet the growing demand for aluminium in the coming decades.