What diversification? KSA Petrochemical exports projected to reach 100 million tonnes by 2016, marking a whooping 250% growth

What diversification? KSA Petrochemical exports projected to reach 100 million tonnes by 2016, marking a whooping 250% growth
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Published February 24th, 2014 - 08:55 GMT via SyndiGate.info

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ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry
ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry

Kingdom of Saudi Arabia (KSA) has become the country partner of ArabPlast 2015, the largest plastics and petrochemicals show in the region. This has led to the signing of an MoU on Sunday 23rd February 2014 between Al Fajer Information and Services, the organisers of ArabPlast 2015 and Saudi Export Development Authority (SEDA), a subsidiary of the Saudi Ministry of Commerce and Industry, with the goal of boosting the presence of the Saudi petrochemical industry in the next edition of the UAE s premier specialised event.

Following the signing of the MoU held in Maktoum Hall of Dubai International Convention & Exhibition Centre (DICEC), SEDA has booked a complete hall in the exhibition which is to be held from 10 13 January 2015. The previous edition of the bi-annual event was spread over nine halls of DICEC and attracted 900 exhibitors from 41 counties. "We are keen to be part of this successful international trade show. We will help Saudi companies to further expand their operations through a global platform like ArabPlast 2015," said Mr. Ahmed Alhakbani, Secretary General, SEDA. "We have already confirmed about 7000 sqmt of space companies from the Kingdom and we thank Al Fajer for their cooperation in formalizing this cooperation." Mr. Satish Khanna, General Manager, Al Fajer Information and Services, organiser of ArabPlast said: "It is a matter of great pride for Al Fajer and ArabPlast to have KSA as the country partner of the show. Our collaboration with SEDA will further elevate ArabPlast position on the global front as a major specialised exhibition, driven by the robustness of the petrochemical industry in the Kingdom. We have allocated a central location for the Saudi Pavilion and with a country partner like KSA, we expect the 2015 edition to bigger in scale and scope." "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. It will always remain a challenge to maintain this stature in coming years," said Khanna. "Petrochemical exports in KSA are expected to reach 100 million tonnes by 2016, a 250 per cent growth over 2006," Khanna added.

"Since inception, ArabPlast attracted leading Saudi companies. The next edition is already sponsored by two KSA key players in the industry that are TASNEE and NATPET. We have strong partnerships with the Saudi companies and this MoU will boost our relationship further," Khanna added.

ArabPlast 2015 will showcase latest technologies and track market trends of the Middle East petrochemicals industry, which continues to be the world's largest exporter, offloading the majority of its output to international markets.

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© Copyright 2014 Emirates News Agency (WAM)

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