Saudi petchem exports to hit 100m tonnes
Dubai, February 23, 2014
Saudi Arabia’s petrochemical industry exports is set to reach 100 million tonnes exports by 2016, up 250 per cent over 2006, said an expert.
The latest technologies of the Middle East petrochemicals industry will be showcased at a leadnig plastics and petrochemicals show in the region.
To boost its presence at the ArabPlast 2015, which will run from January 10 to 13 at the Dubai International Convention and Exhibition Centre, the Saudi Export Development Authority (Seda), a subsidiary of the Saudi Ministry of Commerce and Industry, signed a deal with Al Fajer Information and Services, the organisers of the show.
Ahmed Alhakbani, secretary-general, Seda, said: “We will help Saudi companies to further expand their operations through a global platform like ArabPlast 2015. We have already confirmed about 7000 sq m of space for companies from the kingdom and we thank Al Fajer for their co-operation in formalising this cooperation.”
Satish Khanna, general manager, Al Fajer, said: “It is a matter of great pride for Al Fajer and ArabPlast to have Saudi Arabia as the country partner of the show. We have allocated a central location for the Saudi Pavilion.”
“One of the objectives of the show is to present the GCC countries as the world hubs when it comes to the plastics and petrochemicals industry. This was achieved over years due to the relentless efforts of GCC public and private sectors,” said Khanna.
“Petrochemical exports in Saudi Arabia are expected to reach 100 million tonnes by 2016, a 250 per cent growth over 2006,” he added. - TradeArabia News Service