Investments in Saudi plastics sector hit $50bn
Riyadh, December 16, 2013
The investments in Saudi Arabia’s plastics sector has reached $50 billion, while its petrochemical industry is set to achieve a production capacity of over 100 million tonnes per annum by 2015, said a recent study.
Saudi Plastics and Petrochem 2014, the 11th international plastics and petrochemicals trade exhibition, running from February 17 to 20 in Riyadh, will highlight the growing demand for the latest plastics and petrochemical products in the kingdom.
The show, which will take place at the Riyadh International Convention and Exhibition Center, will be a gateway to know more about the latest technologies in machinery, equipment, raw materials, semi-finished products, spare parts and services in the plastics and petrochemical sectors, it said.
Zeyad Al Rukban, deputy general manager at the Riyadh Exhibitions Company, said: “The show will serve as an ideal platform for engineering firms, manufacturers and suppliers to display their latest products, high-tech services and state-of-the-art technologies.”
With more than 20,000 sq m of exhibition space and exhibitors from over 27 countries across 10 national pavilions, the show will see the participation of some of the biggest plastics and petrochemical companies from Saudi Arabia and the region, along with a number of government industrial commissions from the GCC.
Along the sidelines of the event, the Saudi Print and Pack, the 11th international trade exhibition for printing and packaging technologies will also be held. - TradeArabia News Service