SAUDI PETROCHEMICALS - conclusion: Five strategies drive Saudi Arabia’s petchem industry growth

Saudi Arabia, a significant global producer of commodity petrochemicals, will increase its position in the global market during the next 5 years due to five growth strategies: diversifying the product portfolio, establishing more joint ventures with industry majors, placing greater emphasis on research and development, endorsing a larger role for private sector, and diversifying into downstream.Part 1 (OGJ, Jan. 2, 2006, p. 52) of this two-part series discussed the historical development of the Saudi petrochemical industry, its current status, and plans for future petrochemical production capacity.Part 2 will discuss the five growth strategies and the effects of Saudi Arabia’s entry...

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