Saudi Plastics & Petrochem 2016 – the 13th International Trade Exhibition for Plastics and Petrochemical Industries – will take place on 18-21 January, 2016 at the Riyadh International Convention and Exhibition Center, KSA.
Held under the patronage of the Saudi Ministry of Commerce and Industry, the fair will seek to address the industry’s focus on modernisation, showcasing the latest industry developments in machinery, equipment, raw materials, semi-finished products, spare parts and services.
Innovation is emerging as a top business priority for 80% of major petrochemical and chemical producers in the GCC region, according to a recent survey conducted by the Gulf Petrochemicals and Chemicals Association (GPCA).
Growth in the sector has been largely fueled by efforts towards diversification and the adoption of technological advancements, the survey found.
Saudi Arabia is currently leading the Gulf region’s plastics industry, recording an approximate production of 18.4mn tonnes per annum (TPA) in 2013 to account for over 74.5% of the region’s plastics production capacity.
A spokesperson from Riyadh Exhibitions Company, said: “The plastics and petrochemicals sector has been placing greater importance on integrating innovation and diversification in its development strategy, with the number of companies adopting this initiative doubling to 41% in 2015 from 21% in 2010.
"More companies are following this trend to accommodate the emerging needs of the aviation, transport and food packaging sectors. In fact, it is estimated that by 2017, the region will start producing 23 plastic products, which is more than double the current number.
"With such exciting developments in the horizon, Saudi Plastics and Petrochem will continue to strengthen communication channels and enhance relations among the sector’s businesses.”
Last year’s edition of Saudi Plastics and Petrochem saw the participation of more than 500 exhibitors from 26 countries, and was the only industrial fair supported by the Saudi Industrial Property Authority (MODON).
The event cements Saudi Arabia’s position as the largest exporter in the region and the 14th largest worldwide, with the country representing 59% of total GCC petrochemical exports.
Saudi Arabia has also established a strong industrial base beyond oil refining and exports, followed by Qatar, Oman, Kuwait, UAE and Bahrain.