GCC's $108b chemicals industry in focus at ArabPlast
The UAE and Saudi Arabia account for 74 per cent of the GCC's $108 billion chemicals industry, the region's second largest within the manufacturing sector that provides over 500,000 direct and indirect jobs.
Organisers of ArabPlast 2017, a trade show for the plastics industry opening on Sunday at the Dubai International Convention and Exhibition Centre, said the UAE and Saudi Arabia produce 13.7 million and 98.5 million tonnes of petrochemical products per year respectively.
Satish Khanna, general manager of the show organiser, said that ArabPlast is one of the biggest three global events dedicated to plastics, petrochemicals and rubber industries. It brings together exhibitors, experts and industrials from the GCC region and all over the world. The latest edition of Arabplast is supported by Borouge, a provider of plastics solutions, and Tasnee.
Hazeem Sultan Al Suwaidi, SVP regional MEAE at Borouge, said: "Borouge is committed to continue supporting this strategic event which underscores the UAE's growing role and importance in the regional and global petrochemicals and plastics industry. This is in line with Abu Dhabi's Economic Vision 2030 which identified downstream businesses as major contributors to the economy."
Al Suwaidi added: "This year, Borouge is participating in ArabPlast under the theme of 'Together We Innovate', to demonstrate to the world how Borouge is using innovation and technology to add value throughout the value chain and increase its contribution to Abu Dhabi, to the sector and to the wider UAE. At ArabPlast 2017, we are exhibiting a range of our sustainable and innovative solutions that cater to different industries, including infrastructure, energy, packaging, agriculture and healthcare. We have also arranged machinery demonstrations using our material to show visitors, first hand, our pellets being transformed into different applications."
ArabPlast is among the top rated specialised shows of machinery worldwide and the top trade show in the Middle East in the volume of machinery on display. Exhibitors will display the latest technology solutions related to extrusion, injection, molding, chemicals and others, along with their industrial applications in packaging, construction, medical and agriculture fields, automobile sector among others.
Khanna said that Germany would take part in ArabPlast with 278 exhibitors. The country is the largest manufacturer of plastics in Europe. Belgium ranks second, followed by France, Russia, the Netherlands and Spain.
"The three dominating application areas for plastics are flexible packaging, rigid packaging and the construction industry, but also the transportation and electrical and electronics segments. Investments in plastics and petrochemical sector are defying the current global market conditions. The Gulf petrochemicals industry continues to be the world's largest producer and exporter to more than 150 countries worldwide," said Khanna.
"ArabPlast 2017 will facilitate to bring the required improvements and awaited efficient responses to regional industrial needs in terms of technology and knowledge."