UAE to support investor behind planned aluminium-anode plant
The Ministry of Investment signed an MoU with Sunstone Development to support a UAE facility; an earlier joint-venture plan envisaged about US$300 million in investment.
Event / data period: 2026-09-07
Published: · Updated:
The UAE Ministry of Investment signed a memorandum of understanding with China’s Sunstone Development on September 7 to support establishing an anode-production facility in the country. The ministry said it would assist with licensing and coordination with free zones, industrial parks, ports and customs authorities.
WAM reported that Sunstone and Emirates Global Aluminium entered a joint-venture agreement in December 2025 involving approximately US$300 million. Once operational, the facility is expected to replace most of EGA’s current anode imports; this remains a project expectation, not completed production.
Data
Planned facility investment in earlier joint venture
Previously announced approximate investment for the planned UAE anode facility.
- Planned investment in earlier joint venture
- ≈300 million USD
- 2025-12 · Target
Methodology
WAM reported an approximate amount for the earlier December 2025 joint venture on September 7, 2026; the new MoU itself disclosed no new investment value.
Updated:
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