Saudi Arabia's petchem market to grow
Riyadh, November 18, 2013
Saudi Arabia is set to become the world’s third largest exporter of petrochemical products with its market share poised to reach 10 per cent by 2015.
Saudi plastics and petrochemical exports grew from less than $500 million in 1985 to $22 billion in 2011. The outlook for domestic plastics and petrochemicals is highly favourable as the country shifts its focus beyond increasing oil production capacity towards expanding its natural gas, refining, and petrochemicals industries.
Saudi Plastics & Petrochem 2014, the 11th International Plastics and Petrochemicals Trade Exhibition, will boost growth prospects even further. It will be held at the Riyadh International Convention and Exhibition Center from February 17 to 20, organised by Riyadh Exhibitions Company.
The event will bring together local and international industrialists and professionals, in addition to a number of governmental industrial commissions from the Gulf states.
Exhibitors from over 26 countries will showcase the latest technologies in machinery, equipment and processes, in addition to raw materials, semi-finished products, spare parts and services in the plastics and petrochemical fields
Zeyad Al Rukban, deputy general manager, Riyadh Exhibitions Company, said: “Saudi industrial sectors are witnessing unmatched growth, as multi-billion dollar investments are being made in developing the kingdom’s infrastructure.”
“The event will reflect the pulse of Saudi Arabia’s plastics and petrochemicals industry, which is witnessing profound growth as well. Designed as an ideal business-to-business networking platform, the event will offer innovative products and technologies that businesses can leverage to stay competitive.”
Saudi Plastics & Petrochem 2014 will be held concurrently with Saudi Print & Pack 2014, the 11th International Printing and Packaging Technologies Exhibition. - TradeArabia News Service