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Sunday, March 11, 2012

KSA 10 percent increase in the production of oil derivatives by 2015

KSA 10 percent increase in the production of oil derivatives by 2015
Said leading back, Director of the Technical and Financial Affairs of the Secretariat of the Federation of GCC Chambers (GCC) that the Forum Second Saudi Industrial Manufacturing and accompanying exhibition organized by the Royal Commission for Jubail and Yanbu in the conference center in Jubail Industrial City recently, is one of the most important investment opportunities, which came out perception of an effective support integration between basic industries and manufacturing industries based on primary products on ways to support integration between the petrochemical and manufacturing in the Kingdom, and to put in basic industries and their contribution to the growth of value-added manufacturing, and as confirmed by the successful experiences undergone by the Kingdom in the field of oil, gas and minerals, as pointed out some of the challenges that were overcome and turn them into opportunities and promising.

Adding back the forum revealed the most important facts that provide opportunities for those wishing to invest in the manufacturing sector of the kingdom occupies tenth place worldwide in the production of petroleum derivatives and ranked seventh in the production of petrochemical share of 8 percent of the market for the global petrochemical which is expected to increase this share after the completion of projects under implementation in the year 2015 to reach 10 percent, which qualifies for the occupation of the Kingdom ranked third among the countries of the world in the export of petrochemicals.
The participation of the Secretariat General of the Federation of GCC Chambers (GCC) came at the invitation of the Royal Commission for Jubail and confirmation of the importance of the petrochemical industry, not only locally but also to benefit from successful experiences and promising opportunities in the field of energy, gas and oil that were raised through it in the GCC countries as well.

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