KSA to be world #3 in petrochemicals by 2015

Prince Saud bin Thanian: Saudi Arabia set to grow global share to 15%

Saudi Arabia will grow its global market share for petrochemicals production from 8% to 15% by 2015.
Saudi Arabia will grow its global market share for petrochemicals production from 8% to 15% by 2015.

Saudi Arabia is expected to be the third largest petrochemical exporter by 2015, according to Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of the Saudi Basic Industries Corporation (SABIC) and the Royal Commission for Jubail and Yanbu.

"Petrochemicals plays a vital role in our life, and it is a major contributor of the economy diversification," Prince Al-Saud said in his keynote speech at the second Saudi Downstream Forum held in Jubail.

"Currently, we control 8% of the global petrochemical market," he said. "By 2015, our market share will be 15%, allowing the Kingdom to be the third largest petrochemical exporter in the world."
 

 

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