Middle East Chemical Industry Sees Sharp Rise in Investments

NEW DELHI--January 23, 2023--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 plastic chemicals. The region attracts huge investments from local and foreign investors and uses the capital to strengthen an already stable and successful industry.

Between 2019 and 2022, the Middle East region witnessed the completion of more than US$27 billion worth of capital-spending chemical projects, while, from 2023 through 2026, Industrial Info is tracking more than US$55 billion worth that are expected to be commissioned.