Economy minister discusses economic cooperation with German minister    Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi    At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation    Saudi justice minister, Italian counterpart agree to enhance judicial cooperation    TGA: Autonomous vehicle service beneficiaries surpass 950 in Riyadh    103 million orders delivered in Saudi Arabia in 3Q 2025    Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh A new step in Turkish Saudi cooperation    OMODA 4 Media Preview: Shaping the future of mobility with media and users    Belgian resistance holds up €140 billion loan for Ukraine at EU summit    Trump says he's ending trade negotiations with Canada    EU, US impose new sanctions on Russia to force ceasefire in Ukraine    Egypt joins EU funding program Horizon Europe    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    Qatar clinch 2026 World Cup berth with 2-1 win over UAE in Doha    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    Splash unveils new winter collection featuring Maya Diab    India players refused handshakes, says Pakistan coach    Adolescence star Owen Cooper makes Emmys history at 15    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



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


Clic here to read the story from its source.