SAUDI PETROCHEMICALS-1: Saudi Arabia to become major petrochemical hub by 2010

01/02/2006
Saudi Arabia’s position in the global petrochemical market will grow during the next 5 years due to an ongoing and significant growth wave that will add substantial petrochemical capacity. The country’s overall share of the world’s petrochemical output will increase to 13% by 2010 from a current level of 7%.This growth, fueled by massive foreign and domestic investment inflow, coincides with a shift in the petrochemicals industry’s major production regions to best-cost areas with easy access to markets. The increasing involvement of industry’s major companies in the Saudi petrochemical industry demonstrates this trend.This development is expediting the emerge...
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