The joint venture, in which Norway's Norsk Hydro owns 50 percent, is expected to be listed on the Qatar Exchange during the last quarter of this year after the necessary approvals.

The move is part of the country's plan to "increase the participation of the private sector in economic activity and supporting an investment climate capable of attracting capital," the company said in a statement.

The plant produces more than 600,000 tonnes of primary aluminium per year.