Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi and Jordanian foreign ministers discuss Gaza situation    HR Ministry approves regulations for job ads and interviews in private sector    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Saudi market shows resilience in Q1 2025 despite global volatility: Report    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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.



Kingdom's petrochem investment at $150bn in 2020: Report
Published in The Saudi Gazette on 25 - 12 - 2016

Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held on Jan. 8-10, 2017 at the Dubai Exhibition and convention Centre.
Co-organized by Al Fajer Information and Services and German exhibition organizer Messe Dusseldorf, ArabPlast is expected to bring together key players in the plastics, petrochemicals and rubber industry with exhibitors and visitors coming from different countries around the Middle East region and the world.
"With proven track record success, ArabPlast has become a biennial tradition for the plastics and petrochemical industrials in GCC countries. The 2017 edition is believed to showcase higher contributions in term of innovation, new products, latest technologies and knowledge exchange. And I am proud to get one of the leading companies in the kingdom of Saudi Arabia to support this event and enhance its visibility within the Saudi market," said Satish Khanna, General Manager, Al Fajer Information and Services, co-organisers of ArabPlast.
Established in 1985, Tasnee operates several companies which core activities are related to petrochemicals, chemicals, plastics, metals manufacturing, industrial services and environmental technologies.
These industries play a major role in developing and sustaining the regional economies. Hence the importance of ArabPlast as an opportunity for international experts and professionals to meet and share practises, success stories, solutions and even concerns regarding these sectors.
Tasnee was one of the early Saudi companies investing in the petrochemical sector. The company always aimed at reaching a leading position and we are now one of the largest producers of petrochemical products in the kingdom.
The Saudi Arabia's petrochemical sector is the largest non-oil sector, with investment estimated at $63.5–150 billion expected in 2020 alone, according to the Saudi Arabia industrial overview report published in August 2016 by Jeddah Chamber.
"The petrochemical industry in Saudi Arabia is expected to produce 115 million tons in 2016. While the exports have been seeing a CAGR of 15% and are estimated to reach 100 million tons in 2016," Khanna added.
Attendees to ArabPlast 2017 will get the occasion to discover a wide range of products that provide functionalities in injection molding, blow molding, wrapping and packaging or pre and post plastic processing techniques as well as raw materials, such as masterbatches, additives and polymers. Some of the machinery and new technologies to be displayed include plastic machinery, plastic/rubber processing technology, pre and post-processing systems, plastic packaging technology, injection molding, blow molding, wrapping technology, extrusions, chemicals and additives, semi finished goods, engineering plastics and plastic products. — SG


Clic here to read the story from its source.