Saudi petchem investment close to $1trn
Riyadh, July 2, 2013
Investments into Saudi Arabia’s petrochemical sector have reached SR3.6 trillion ($959 billion), thus making it a primary source of material for related products such as packaging and plastic, said organisers of an upcoming expo in Riyadh.
The 2014 edition of Saudi Plastic & Petrochem, the 11th international plastics and petrochemicals trade fair, and Saudi Print & Pack — the 11th International Trade Exhibition for Printing and Packaging Technologies — will gather decision markers, industrialists, developers, other professionals and investors to unveil leading business and investment opportunities as the Kingdom maintains its dominance in the petrochemicals space.
The two events — collectively referred to as Saudi PPPP — are into their 11th year and combine to form the largest marketplace for plastics, petrochemical, printing and packaging products, machinery and services in the Middle East.
They will be held from February 17 to 20, 2014 at the Riyadh International Convention and Exhibition Center.
Saudi PPPP 2014 will showcase the diverse products, services and technologies of exhibitors from 16 countries within over 20,000 sq m of prime exhibition space that will feature 9 country pavilions as well.
The concurrent shows will be supported by some of the biggest industry names in Saudi Arabia, including Saudi Basic Industries Corporation (Sabic), one of the world’s major manufacturers, and the National Industrialization Company (Tasnee), the first joint-stock industrial company in the Kingdom to be fully owned by the private sector. Sabic and Tasnee are the diamond sponsors of Saudi PPPP 2014.
"Saudi PPPP 2014 will reflect the outstanding growth of Saudi Arabia’s petrochemicals industry over the past few years,” said Zeyad Al-Rukban, assistant general manager, Riyadh Exhibitions Company.
“It is an important platform for industry leaders, stakeholders and investors to interact and explore the latest and most innovative solutions currently available in the global markets to meet their needs.
“The combined shows also affirm Saudi Arabia’s prominent status in the regional and global markets and fosters energetic and productive discussions on the current state and future of the Saudi petrochemicals sector," he added.
Domestic plastics production alone topped 1.7 million tons last year, while on the packaging front Saudi Arabia currently holds a 70 per cent share of the entire Gulf market, he noted. – TradeArabia News Service