Beijing‑headquartered Sunstone Development has signed a memorandum of understanding (MoU) with the UAE Ministry of Investment to develop an anode production facility in the UAE, with an estimated investment of about $300m.

The MoU follows Sunstone’s December 2025 joint‑venture agreement with Emirates Global Aluminium (EGA) to build the project.

Upon completion, the plant is expected to replace most of EGA’s current anode imports and support the UAE’s ambition to become one of a limited number of global anode‑exporting countries, aligning with the Make It In The Emirates initiative and Operation 300bn.

The ministry said the agreement reflects its role in helping strategic investors navigate the UAE’s investment ecosystem and convert commitments into long‑term operations, in line with the National Investment Strategy 2031.

By localising a key stage in the aluminium value chain, the facility will reduce reliance on imported anodes, enhance the competitiveness of the UAE aluminium sector and support wider economic diversification.

The Ministry of Investment and Sunstone will establish a joint working group, chaired by the ministry, to oversee project delivery.

The project is expected to create skilled employment opportunities for UAE nationals and residents, while strengthening domestic manufacturing capacity and industrial capabilities.

今天 17:40

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