Middle East Goes Big with Chemical Projects

NEW DELHI--November 29, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is a major producer and exporter of chemicals. The major products include petrochemicals, agrochemicals, chlor-alkali, plastic chemicals, etc. The region attracts huge investments from both local and foreign investors and uses the capital to further strengthen an already stable and successful industry. In pursuit of economic diversification, Middle Eastern countries have announced billions of dollars for various projects that will boost their economy and strengthen their exports.

Industrial Info is tracking 113 capital chemical projects in the region that are under construction, with an estimated value of US$41.88 billion.