KSA petrochemical exports to reach 100m tons by 2016

4188Saudi Arabia has become the country partner of ArabPlast 2015, the largest plastics and petrochemicals show in the region.

This has led to the signing of a memorandum of understanding (MoU) Sunday in Dubai between Al Fajer Information and Services, the organizer of ArabPlast 2015 and Saudi Export Development Authority (SEDA), a subsidiary of the Saudi Ministry of Commerce and Industry, with the goal of boosting the presence of the Saudi petrochemical industry in the next edition of the UAE’s premier specialized event.

Following the signing of the MoU held in Maktoum Hall of Dubai International Convention & Exhibition Centre (DICEC), SEDA booked a complete hall in the exhibition, which is to be held from Jan. 10-13, 2015.

The previous edition of the bi-annual event was spread over nine halls of DICEC and attracted 900 exhibitors from 41 counties.

“We are keen to be part of this successful international trade show. We will help Saudi companies to further expand their operations through a global platform like ArabPlast 2015,” said Ahmed Alhakbani, secretary general, SEDA.

“We have already confirmed about 7,000 sq.m. of space for companies from the Kingdom and we thank Al Fajer for their cooperation in formalizing this cooperation.”

Satish Khanna, GM, Al Fajer Information and Services, organizer of ArabPlast, said: “It is a matter of great pride for Al Fajer and ArabPlast to have the Kingdom as the country partner of the show. Our collaboration with SEDA will further elevate ArabPlast position on the global front as a major specialized exhibition, driven by the robustness of the petrochemical industry in the Kingdom.”

“Petrochemical exports in the Kingdom are expected to reach 100 million tons by 2016, a 250 percent growth over 2006,” Khanna added.

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