The Market

The Kingdom of Saudi Arabia has witnessed great advances in the Petrochemical sector during the last decade, which has driven the national economy and advanced the country’s presence in the world. The industry continues to build on these foundations year-on-year.

Petrochemical industry is the second largest industry in Saudi Arabia. In recent years investment in petrochemicals have increased aiming to exploit the great potential of the sector. Saudi Arabia accounts 75% of GCC petrochemical production. The petrochemicals market enjoys very encouraging regional and global demand trends. With global growth driven by industrial activity in emerging markets, the petrochemicals sector has enjoyed strong utilization rates and firm pricing trends.