Released November 29, 2023 | NEW DELHI
en
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.
Currently, Industrial Info is tracking 113 capital chemical projects in the region that are under construction, with an estimated value of US$41.88 billion. Furthermore, 31 capital projects worth US$15.02 billion are in the engineering phase and set to kick off within the next year. Most of these projects are expected to come onstream within the next three years.
Notable projects include NEOM's (Tabuk, Saudi Arabia) green hydrogen complex in Saudi Arabia. Construction on the plant began in 2022 and is expected to be completed in 2026, when the plant will ramp up to produce more than 275 million cubic feet of hydrogen per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for more details on the project.
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).
Currently, Industrial Info is tracking 113 capital chemical projects in the region that are under construction, with an estimated value of US$41.88 billion. Furthermore, 31 capital projects worth US$15.02 billion are in the engineering phase and set to kick off within the next year. Most of these projects are expected to come onstream within the next three years.
Notable projects include NEOM's (Tabuk, Saudi Arabia) green hydrogen complex in Saudi Arabia. Construction on the plant began in 2022 and is expected to be completed in 2026, when the plant will ramp up to produce more than 275 million cubic feet of hydrogen per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for more details on the project.
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).
