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Chemical products major contributor to Saudi non-oil exports
Published in The Saudi Gazette on 08 - 11 - 2016

The Industrial sector in Saudi Arabia is witnessing major development and growth, with a significant role played by the plastic and petrochemical sectors in achieving sustainable development and diversifying the sources of income, thus leading positively to the Kingdom's 2030 Vision.
While the Kingdom holds a substantial global market share of 6% from the total petrochemical production, this share is subject to significant increase if we consider the Kingdom's capacity and its oil wealth, in addition to considering the diversification of petrochemicals derivatives to strengthen the local downstream industry and increase opportunities.
A report issued by the Customs Department pointed out that chemical products, plastic and rubber constitute 74 percent of the total Saudi non-oil exports, with a value of SR118 billion.
The plastic manufacturers on the other hand, are working to diversify their products portfolio to ensure long-term sustainability and enhance the sector's contribution in the economy.
According to the Gulf Petrochemicals & Chemicals Association's recent report, Saudi Arabia will witness an increase in the production capacity of plastics sector by 3.2% annually until 2020.
Showcasing technologies and trends that support the development of these industries and displaying products & services that provide practical solutions and applications, enhance the role of Saudi Exhibition for Plastics and Petrochemicals as the largest industrial gathering in the Kingdom, which will be hosted in 2017 in Jeddah. The upcoming event offers a unified platform for the Plastics and Petrochemicals and Print and Pack (PPPP) sectors.
Kamil Al-Jawhari, Saudi PPPP project manager, said "The Saudi Plastics and Petrochemicals and The Saudi Print and Pack give insight on the market needs associated with plastic & petrochemical products that are growing at a rapid pace."
He added: «The exhibition facilitates direct communication between decision makers and major players with the target audience, enhance knowledge transfer between local and regional participants and boost foreign investment in these industries."
The 14th edition of the PPPP, the UFI certified show, organized by Riyadh Exhibitions Company, will be is slated on Feb. 27 to March 2, 2017 at Jeddah Center for Forums and Events. SABIC and Saudi Polymers Company are the Diamond and Platinum Sponsors, respectively. — SG


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