A notable development and a strategic importance

  • Saudi Arabia is a highly competitive global market
  • The petrochemicals sector is expected to witness an average annual growth of 3%, corresponding with global demand
  • The plastic and chemical products exports make up more than two thirds of the total industrial exports of Saudi Arabia, and 10% of the country's exports overall
  • The Kingdom's production capacity in the petrochemicals industry is predicted to surpass the annual 100 million tons threshold by 2016
  • The Saudi market consumes the equivalent of 3.5 million tons of plastic annually
  • The Kingdom controls about 64% of the total production of plastics in the Gulf region
  • The plastics sector in Saudi Arabia is expected to grow an average of 3.2% annually until 2020
  • The Kingdom's plastics exports reached 13 million tons in 2015