In The Spotlight
Aluminium Bahrain plans to acquire Aluminium Dunkerque, strengthening its global low-carbon aluminium strategy and European presence. (Image source: Alba)
Aluminium Bahrain B.S.C. (Alba) has announced plans to acquire Aluminium Dunkerque, the European Union’s largest aluminium smelter, in a deal valued at around US$2.2bn
The proposed transaction forms part of Alba’s ambition to establish a global low-carbon aluminium platform and was announced alongside current owner American Industrial Partners (AIP) and French public investment bank Bpifrance, which is set to become a minority shareholder in the business.
Following completion of the transaction, Alba will take full ownership of Aluminium Dunkerque through a deal valued at around US$2.2bn. The acquisition will be financed entirely through a consortium of Alba’s banking partners. Under the terms of the MoU, Bpifrance will invest €100mn in the transaction, securing a 6% shareholding in Aluminium Dunkerque, subject to the necessary regulatory and customary approvals. The investment bank will also be represented on the board of the smelter’s holding company.
The participation of Bpifrance as a minority shareholder and board member is intended to reinforce Aluminium Dunkerque’s strategic role within France’s industrial sector while strengthening its regional presence.
His Excellency Shaikh Salman bin Khalifa Al Khalifa said the agreement reflects the strong economic relationship between Bahrain and France while highlighting the confidence global investors continue to place in Bahrain. He noted that the deal further reinforces the Kingdom’s position as a competitive industrial centre with the talent and capabilities required to pursue opportunities internationally.
Khalid Amro Al-Rumaihi, chairman of Alba’s board of directors, emphasised the importance of Aluminium Dunkerque as a strategic French industrial asset. He described the acquisition as a significant milestone for Alba, demonstrating confidence in the company’s future growth potential while supporting the development of a more diversified and internationally competitive industrial platform. He added that the transaction creates opportunities to strengthen industrial resilience in both Bahrain and France while deepening economic and industrial cooperation between the two countries.
"Alongside Alba, Bpifrance’s investment in Aluminium Dunkerque underscores our commitment to securing and reinforcing the long-term future of this strategic industrial site. By joining forces, we are not only supporting the growth of a key player in the European aluminium sector but also ensuring that Aluminium Dunkerque remains a cornerstone of France’s industrial resilience and innovation. Together, we will work to strengthen the site’s industrial project, fostering sustainable development and competitiveness for years to come," remarked Nicolas Dufourcq, CEO at Bpifrance.
“We are pleased to mark an important step in the transition of Aluminium Dunkerque’s ownership to Aluminium Bahrain. Over the past four months, the process has advanced smoothly as expected thanks to the constructive work among all parties and a shared commitment to responsible execution. We remain confident that Alba is the right long-term owner for Aluminium Dunkerque and will be a strong partner for France in supporting the company’s continued development and strategic role in Europe. Aluminium Dunkerque’s success during our ownership reflects France’s enduring attractiveness as a destination for long-term industrial investment, supported by its strong industrial base, skilled workforce and commitment to decarbonisation,” concluded Dino Cusumano, general partner at AIP.
Based in Loon-Plage near Dunkerque, the facility has an annual production capacity of approximately 300,000 tonnes of aluminium. Supported by advanced automation systems, integrated operations and a skilled workforce, the smelter is well positioned to meet rising demand across Europe for low-carbon and sustainably produced aluminium.
Around US$2.2 trillion is expected to go to grids, storage, low-emissions fuels, nuclear, renewables, efficiency and electrification in 2026. (Image source: Adobe Stock)
Global energy investment is projected to reach US$3.4tn in 2026 as countries continue to strengthen electricity systems, expand clean energy deployment and invest in more resilient energy infrastructure, according to the International Energy Agency's (IEA) World Energy Investment 2026 report
The report forecasts that around US$2.2tn will be directed towards grids, energy storage, low-emissions fuels, nuclear power, renewables, efficiency measures and electrification this year. Investment in oil, natural gas and coal is expected to total approximately US$1.2tn.
Electricity-related spending remains the dominant theme in global energy markets. Investment in electricity supply and infrastructure is set to reach nearly US$1.6tn in 2026, rising to almost US$2tn when end-use electrification is included. Spending on electricity grids is expected to approach US$550bn, while battery storage investment is projected to exceed US$100bn.
Renewable energy continues to attract significant capital, with investment in renewable power projects expected to reach US$665bn, including US$365bn for solar energy alone. Nuclear energy is also gaining momentum, with annual investment exceeding US$80bn and close to 80GW of new nuclear capacity currently under construction across 15 countries.
However, the report notes that energy security has become an increasingly important factor in investment decisions following the latest disruption to global energy markets.
The ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz have triggered fresh concerns over the reliability of energy supplies and international trade routes. According to the IEA, the resulting supply shock is prompting governments and companies to reassess risk and accelerate diversification strategies.
The impact has been particularly pronounced in Asia and the Middle East, where disruptions to shipping flows through the Strait of Hormuz have affected energy markets and reinforced the need for alternative supply routes and domestically available energy resources.
"We are in the midst of the largest energy security crisis the world has ever faced – and I believe this will reshape investment strategies globally, with parallels to the major changes the energy world witnessed after the oil shocks of the 1970s," said IEA executive director Fatih Birol.
"We are already seeing intensified efforts by both producer and consumer countries to diversify trade routes and energy sources – such as advancing new pipelines and other supply infrastructure, on the one hand, and turning more to domestically available resources, on the other. These range from renewables and nuclear to coal, oil and gas, in some cases – as well as broader measures to strengthen electricity systems, expand electrification and accelerate energy efficiency."
While oil prices remain elevated, upstream oil investment is expected to decline for a third consecutive year, falling below US$500bn. The report attributes this to uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets.
Natural gas investment, meanwhile, is forecast to reach US$330bn, the highest level in a decade, supported by new LNG export developments, particularly in the United States and Qatar.
The report also points to rising investment in energy efficiency, with approximately US$350bn being invested globally each year. More than 20 countries have already announced new efficiency policies in response to the current crisis.
At the same time, increased market volatility linked to the Middle East conflict is raising financing costs and slowing investment decisions in some regions. The IEA warns that higher financing costs could disproportionately affect capital-intensive energy projects, particularly in emerging and developing economies.
As governments and industry respond to another major energy shock, the report suggests that diversification, electrification and stronger energy security measures will remain central to investment decisions in the years ahead.
Read the full World Energy Investment 2026 report for a comprehensive analysis of global and regional energy investment trends here
EMSTEEL Group has introduced ES600, a new high-strength reinforcing steel product designed for demanding construction applications, marking the highest-grade rebar currently manufactured in the UAE.
The launch was unveiled at the company’s “Building the UAE’s Future Together” event held in Dubai on 21 May, where industry stakeholders from engineering, construction and manufacturing sectors gathered to explore how advanced materials are shaping the next phase of urban development across the country.
Developed for use in high-rise structures and large-scale infrastructure works, ES600 has been engineered to deliver enhanced structural performance while reducing overall material usage. The product is aligned with national industrial goals, including the UAE’s broader push towards advanced manufacturing and economic diversification under Operation 300bn.
Certified to meet both local and international standards, the rebar is designed to improve construction efficiency by reducing steel consumption by an estimated 18% to 24%, depending on project design and requirements. This reduction also helps ease logistical pressures by lowering transport volumes and minimising congestion on construction sites.
According to EMSTEEL, the efficiency gains also translate into environmental benefits. The company estimates that for every 10,000 tonnes of ES600 used, around 12,107 tonnes of carbon dioxide emissions can be avoided through reduced material production and transportation requirements. In multi-storey buildings, this can equate to approximately one tonne of CO2 savings per floor.
The material is already being deployed across a range of residential towers, mixed-use developments and major infrastructure projects throughout the UAE. Current and secured orders have exceeded 200,000 tonnes, reflecting strong demand from developers involved in large-scale urban expansion projects.
Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said the introduction of ES600 reflects the UAE’s shift towards higher-value industrial production and more advanced engineering capability within the construction sector.
He noted that the company’s continued investment in innovation is aimed at strengthening local manufacturing capacity while supporting more efficient and resilient building practices. He also highlighted EMSTEEL’s role as a long-term industrial partner contributing to national economic diversification and infrastructure development goals.
Following the completion of its AED 625 million Asset Enhancement Programme, EMSTEEL is set to expand production capacity for ES600 and introduce upgraded processing systems to support higher-strength reinforcement products. The expansion is expected to further enhance operational efficiency and meet growing demand for sustainable construction materials across the region.
Around US$2.2 trillion is expected to go to grids, storage, low-emissions fuels, nuclear, renewables, efficiency and electrification in 2026. (Image source: Adobe Stock)
Global energy investment is projected to reach US$3.4tn in 2026 as countries continue to strengthen electricity systems, expand clean energy deployment and invest in more resilient energy infrastructure, according to the International Energy Agency's (IEA) World Energy Investment 2026 report
The report forecasts that around US$2.2tn will be directed towards grids, energy storage, low-emissions fuels, nuclear power, renewables, efficiency measures and electrification this year. Investment in oil, natural gas and coal is expected to total approximately US$1.2tn.
Electricity-related spending remains the dominant theme in global energy markets. Investment in electricity supply and infrastructure is set to reach nearly US$1.6tn in 2026, rising to almost US$2tn when end-use electrification is included. Spending on electricity grids is expected to approach US$550bn, while battery storage investment is projected to exceed US$100bn.
Renewable energy continues to attract significant capital, with investment in renewable power projects expected to reach US$665bn, including US$365bn for solar energy alone. Nuclear energy is also gaining momentum, with annual investment exceeding US$80bn and close to 80GW of new nuclear capacity currently under construction across 15 countries.
However, the report notes that energy security has become an increasingly important factor in investment decisions following the latest disruption to global energy markets.
The ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz have triggered fresh concerns over the reliability of energy supplies and international trade routes. According to the IEA, the resulting supply shock is prompting governments and companies to reassess risk and accelerate diversification strategies.
The impact has been particularly pronounced in Asia and the Middle East, where disruptions to shipping flows through the Strait of Hormuz have affected energy markets and reinforced the need for alternative supply routes and domestically available energy resources.
"We are in the midst of the largest energy security crisis the world has ever faced – and I believe this will reshape investment strategies globally, with parallels to the major changes the energy world witnessed after the oil shocks of the 1970s," said IEA executive director Fatih Birol.
"We are already seeing intensified efforts by both producer and consumer countries to diversify trade routes and energy sources – such as advancing new pipelines and other supply infrastructure, on the one hand, and turning more to domestically available resources, on the other. These range from renewables and nuclear to coal, oil and gas, in some cases – as well as broader measures to strengthen electricity systems, expand electrification and accelerate energy efficiency."
While oil prices remain elevated, upstream oil investment is expected to decline for a third consecutive year, falling below US$500bn. The report attributes this to uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets.
Natural gas investment, meanwhile, is forecast to reach US$330bn, the highest level in a decade, supported by new LNG export developments, particularly in the United States and Qatar.
The report also points to rising investment in energy efficiency, with approximately US$350bn being invested globally each year. More than 20 countries have already announced new efficiency policies in response to the current crisis.
At the same time, increased market volatility linked to the Middle East conflict is raising financing costs and slowing investment decisions in some regions. The IEA warns that higher financing costs could disproportionately affect capital-intensive energy projects, particularly in emerging and developing economies.
As governments and industry respond to another major energy shock, the report suggests that diversification, electrification and stronger energy security measures will remain central to investment decisions in the years ahead.
Read the full World Energy Investment 2026 report for a comprehensive analysis of global and regional energy investment trends here
Hassan Allam Holding has signed an agreement to acquire MetiPro, marking a significant step in expanding its footprint across the water and wastewater sector in the Middle East, Africa and beyond.
The move brings together two established players with more than 150 years of combined experience, forming a strengthened platform focused on delivering large-scale, sustainable water infrastructure. The acquisition aligns with Hassan Allam Holding’s strategy to scale its capabilities in engineering, procurement and construction, while addressing growing demand for water security solutions across emerging markets.
The Group’s water platform already spans a broad range of services through its subsidiaries, including Hassan Allam Construction, Intech, Bioworks and Ridgewood. The addition of MetiPro is expected to enhance its ability to deliver complex desalination and wastewater treatment projects from design through to operations.
MetiPro brings over six decades of expertise in water and wastewater engineering, with a presence in more than 50 countries. Its portfolio includes desalination, water reuse, industrial treatment and surface water projects, supported by advanced engineering capabilities and a track record of delivering tailored solutions for both public and private sector clients.
The acquisition builds on an existing collaboration between the two groups, which have previously worked together on major projects such as Al Mahsamma and New Delta, as well as ongoing developments in West Alexandria and Abu Oweikal. These initiatives have contributed to improving water reuse, supporting agriculture and strengthening environmental sustainability in Egypt.
Eng. Hassan Allam, CEO of Hassan Allam Holding, described the agreement as a milestone for the company and the wider sector. “By bringing together MetiPro’s global expertise with our legacy of delivering complex projects, we are creating a stronger, integrated platform to lead the next generation of sustainable water and wastewater developments,” he said.
Karim Madwar, CEO of MetiPro, added that the partnership will enable the company to scale its operations and accelerate project delivery across key markets. “With Hassan Allam Holding’s support, we are well positioned to expand our impact and contribute to long-term water security solutions,” he noted.
The transaction reflects growing investment in water infrastructure as governments and developers prioritise resilience, climate adaptation and sustainable resource management across the region.
UAE-based interior fit-out and joinery specialist Abanos has revealed that its use of PSB (Palm Strand Board) across three major projects has resulted in the sequestration of more than one million kg of biogenic carbon and over four million kg of CO2 equivalent (CO2e).
The company said the achievement highlights how material selection within the construction and fit-out sector can play a significant role in reducing embodied carbon emissions and supporting long-term sustainability goals.
Abanos integrated PSB into several large-scale developments delivered for Transemirates Contracting at District One-FZ, using the material across a range of interior applications. The company explained that the carbon remains stored within the built environment rather than being released into the atmosphere through conventional construction processes.
PSB is currently being used in products including fire-rated doors, partitions, flooring systems, vanities, railings and door frames, demonstrating its suitability for commercial-scale applications.
Ravish Kishore, general manager at Abanos, said the industry is increasingly being driven by measurable environmental performance rather than sustainability pledges alone.
“The sector has reached a stage where environmental responsibility can no longer come at the expense of quality or performance,” he said. “By incorporating PSB into these projects, we have demonstrated that it is possible to embed sustainability directly into the material itself while delivering at scale.”
Kishore added that the company’s recent projects alone had enabled the storage of more than four million kg of CO2e within the structures.
“This is not a carbon offset initiative,” he said. “The carbon remains locked within the built environment, contributing to Scope 3 decarbonisation efforts and supporting the UAE’s Net Zero 2050 ambitions.”
The projects highlighted by the company include The Edge and The Peninsula developments for Select Group, as well as Kempinski La Reserve for Swiss Properties.
Collectively, the developments accounted for more than 1.1 million kg of biogenic carbon stored within PSB products and over four million kg of CO2e captured through interior fit-out works.
Abanos noted that sustainable materials are becoming increasingly important as the UAE construction industry responds to evolving environmental regulations and green building targets.
Kishore said, “As the UAE accelerates its sustainability agenda, manufacturers and fit-out specialists have a responsibility to rethink how materials are sourced, produced and integrated into projects. Carbon-sequestering materials are quickly becoming an operational necessity rather than a future aspiration.”
Established in 1985, Abanos has expanded from a Sharjah-based manufacturer into a regional fit-out specialist with more than 1,100 employees and over 1,000 completed projects across the Middle East and North Africa.
The company currently operates a 23,775 sq m manufacturing and joinery facility and continues to deliver projects across the residential, hospitality, retail, healthcare and commercial sectors.
Pilot Crushtec has been named Metso’s Best Dealer in the EMEA region, a prestigious international accolade recognising the company’s strong commercial performance, customer support strength and long-standing commitment to delivering high-value crushing and screening solutions across the Middle East and Africa
The award positions Pilot Crushtec among Metso’s top distributors globally, while specifically recognising its leading performance across Europe, the Middle East and Africa. It also reflects the company’s sustained sales success, technical capability and customer-focused service approach across its Southern and sub-Saharan African territory.
According to Francois Marais, sales and marketing director at Pilot Crushtec, the recognition marks an important milestone for the business and highlights the collective effort of its people.
“This recognition is a significant achievement and a powerful testament to the commitment, expertise and passion of our entire team,” commented Marais.
“Being recognised on an international stage among leading distributors including others across Europe, the Middle East and Africa reinforces our position as a trusted partner and industry leader.”
Marais says several factors contributed to the company securing the award, including continued market growth across Southern and sub-Saharan Africa, robust aftermarket support capabilities and deep product and application knowledge.
“Our consistent sales performance and market growth across Southern and Sub-Saharan Africa has been a key contributor,” explained Marais.
“Despite challenging market conditions in many sectors, we have continued to grow the presence of Metso’s crushing and screening solutions in the region.”
He adds that Pilot Crushtec’s established service teams, technical expertise and parts availability ensure customers receive dependable support throughout the full equipment lifecycle.
“Our team works closely with customers to understand their operational requirements and provide solutions that optimise productivity, efficiency and long-term value,” said Marais.
The recognition follows the recent five-year renewal of Pilot Crushtec’s distributorship agreement with Metso, further underlining the strength of the partnership and ensuring customers across Southern and sub-Saharan Africa continue to access globally recognised crushing and screening technology.
“The five-year renewal of our distributorship agreement with Metso is extremely significant for Pilot Crushtec’s long-term strategy and reinforces the strength and stability of our partnership,” Marais says.
Through the renewed agreement, Pilot Crushtec will continue supplying Metso’s static and mobile crushing and screening equipment to customers operating in some of the region’s toughest mining and quarrying environments. It also supports ongoing investment in technical training, spare parts availability and support infrastructure.
Customers benefit from the combination of world-class technology and strong local backing, with Pilot Crushtec maintaining strategic stock of equipment, wear parts and critical components to minimise lead times and maximise uptime.
“Our highly trained service teams work closely with Metso to ensure that customers receive expert installation, commissioning, maintenance and troubleshooting support,” Marais explained. “This ensures machines operate at optimal performance levels throughout their lifecycle.”
The company’s aftermarket portfolio includes genuine spare parts, wear parts, service agreements, technical upgrades and operator training, helping customers maximise productivity and long-term returns.
Looking ahead, Pilot Crushtec plans to build on the latest recognition by expanding its footprint across Africa and further strengthening its support and service capabilities.
“Our priority is to continue delivering exceptional value to our customers and strengthening our position as a leading provider of crushing and screening solutions in Africa, while continuing to build our broader presence and reputation in the global market.,” Marais commented.
This will include broader reach across Sub-Saharan Africa, increased equipment availability and continued enhancement of its aftermarket support network to deliver fast and reliable service wherever customers operate.
“We will also continue investing in skills development and technical training to ensure our teams remain at the forefront of industry expertise and are fully equipped to support the latest technologies from Metso,” he concludedPilot Crushtec Secures Metso EMEA Dealer Honour.
By combining deep regional understanding with global technology partnerships, Pilot Crushtec continues to support the growth and performance of Africa’s mining, quarrying and construction sectors.
EMSTEEL Group has introduced ES600, a new high-strength reinforcing steel product designed for demanding construction applications, marking the highest-grade rebar currently manufactured in the UAE.
The launch was unveiled at the company’s “Building the UAE’s Future Together” event held in Dubai on 21 May, where industry stakeholders from engineering, construction and manufacturing sectors gathered to explore how advanced materials are shaping the next phase of urban development across the country.
Developed for use in high-rise structures and large-scale infrastructure works, ES600 has been engineered to deliver enhanced structural performance while reducing overall material usage. The product is aligned with national industrial goals, including the UAE’s broader push towards advanced manufacturing and economic diversification under Operation 300bn.
Certified to meet both local and international standards, the rebar is designed to improve construction efficiency by reducing steel consumption by an estimated 18% to 24%, depending on project design and requirements. This reduction also helps ease logistical pressures by lowering transport volumes and minimising congestion on construction sites.
According to EMSTEEL, the efficiency gains also translate into environmental benefits. The company estimates that for every 10,000 tonnes of ES600 used, around 12,107 tonnes of carbon dioxide emissions can be avoided through reduced material production and transportation requirements. In multi-storey buildings, this can equate to approximately one tonne of CO2 savings per floor.
The material is already being deployed across a range of residential towers, mixed-use developments and major infrastructure projects throughout the UAE. Current and secured orders have exceeded 200,000 tonnes, reflecting strong demand from developers involved in large-scale urban expansion projects.
Eng. Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said the introduction of ES600 reflects the UAE’s shift towards higher-value industrial production and more advanced engineering capability within the construction sector.
He noted that the company’s continued investment in innovation is aimed at strengthening local manufacturing capacity while supporting more efficient and resilient building practices. He also highlighted EMSTEEL’s role as a long-term industrial partner contributing to national economic diversification and infrastructure development goals.
Following the completion of its AED 625 million Asset Enhancement Programme, EMSTEEL is set to expand production capacity for ES600 and introduce upgraded processing systems to support higher-strength reinforcement products. The expansion is expected to further enhance operational efficiency and meet growing demand for sustainable construction materials across the region.
UAE's DP World has introduced a new integrated logistics corridor linking Brazil with Africa, aimed at improving trade connectivity between Latin America’s largest economy and rapidly expanding African markets
Named the Brazil-Africa Link, the new service was launched during Intermodal South America 2026 in São Paulo. It offers a fully integrated end-to-end logistics solution connecting export cargo from the Port of Santos to DP World’s operations in Angola and Mozambique, with additional support from its wider logistics network in South Africa.
Developed under a “one-stop shop” model, the corridor combines ocean freight services with inland logistics capabilities, allowing customers to manage their complete supply chain through one provider. The platform provides access to three port terminals, 52 warehouses and a fleet of more than 4,250 vehicles, helping improve efficiency, visibility and reliability across cargo movements.
The service is intended to support major Brazilian export industries such as animal proteins, agricultural commodities and consumer goods. It is designed to help exporters improve transit certainty, lower operational complexity and widen access to African markets.
Fabio Siccherino said, “This Brazil-Africa Link simplifies the journey for Brazilian exporters to a market with enormous growth potential. By integrating the entire logistics chain – from port of origin to final delivery – we reduce complexity, increase predictability, and enable our customers to unlock new business opportunities between Brazil and Africa.”
Mohammed Akoojee said: "The Brazil-Africa Link marks a transformative step in connecting Latin America's largest economy with high-growth markets across Africa. This integrated logistics corridor leverages our investments in port infrastructure, economic free zones, and digital technology across Angola, Mozambique, and South Africa to enable growth, create jobs, and deepen economic partnership between our continents."
Expanding integrated logistics in Brazil
DP World said it is continuing to strengthen its end-to-end logistics presence in Brazil through three strategic areas:
Ports and Terminals: The company operates one of Brazil’s leading multipurpose terminals at the Port of Santos, which serves as the foundation of its local operations and supports increasing container and bulk cargo volumes.
Freight Forwarding: DP World manages six freight forwarding offices across Brazil, providing multimodal transport services covering ocean, air and road freight, alongside warehousing, container freight station (CFS), insurance and customs clearance solutions.
Contract Logistics: The business is also expanding warehousing capacity through multi-client facilities in São Paulo and Espírito Santo, delivering integrated B2B services covering storage, distribution, reverse logistics and value-added solutions.
Strengthening Santos capacity
DP World is also investing further in capacity growth and operational capability at its Santos terminal, reinforcing its status as a strategic South American trade gateway. Following a record 2025, during which the terminal handled 1.3 million TEUs and 5 million tonnes of pulp, the company is advancing investments worth more than R$2 billion (approx. US$400 million).
These upgrades include quay expansion, new equipment, a new berthing pier and the development of a grains and fertilisers terminal in partnership with Rumo, with annual handling capacity of up to 12.5 million tonnes.
A further R$1.6 billion (approx. US$320 million) investment is expected to lift container handling capacity to 1.7 million TEUs by 2026 and 2.1 million TEUs by 2028.
DP World said these investments reinforce the infrastructure supporting the Brazil-Africa Link, connecting expanded Santos port operations with its African logistics network to create more resilient and dependable trade corridors between Brazil and fast-growing African markets.