Middle East Chemical Industry Sees Sharp Rise in Investments

Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is a hub of chemical exports and produces a vast range of products, including petrochemicals, agrochemicals, chlor-alkali and plastics chemicals. The region attracts huge investments from local and foreign investors and uses the capital to strengthen an already stable and successful industry.

These investments help the countries to pursue economic diversification and expand their export portfolio by building production facilities for various chemicals.

During the COVID-19 pandemic, investments slowed down due to various reasons, but now that the pandemic has subsided, the investment volumes have grown rapidly.

Between 2019 and 2022, the Middle East region witnessed the completion of 142 capital-spending chemical industry projects worth more than US$27 billion with the commissioning of plants like Fertiglobe's (Abu Dhabi) first green hydrogen plant in Egypt, the LPIC olefins complex in Oman, and a number of fertilizer and methanol plants in Iran. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing project and plant databases can click here for a full list of detailed project reports, and click here for a list of related plant profiles.

Meanwhile, for the upcoming four-year period from 2023 through 2026, Industrial Info is tracking 160 capital projects currently in their engineering or construction phases, worth more than US$55 billion, that are expected to commissioned; grassroot projects account for 114 of the total. Subscribers can click here for a full list of project reports.

Some notable plants include the Borouge 4 petrochemical complex in the United Arab Emirates; Advanced Petrochemical's (Saudi Arabia) propane dehydrogenation (PDH) complex in Saudi Arabia; NEOM in Saudi Arabia; the Ras Laffan complex in Qatar, and methanol, olefins, fertilizers and PDH complexes in Iran. Iran leads all countries in total investment value (TIV) with US$26.9 billion for 105 projects, followed by Saudi Arabia.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).