Middle East to Invest US$655 Million for Chem Plant Maintenance

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Researched by Industrial Info Resources (Sugar Land, Texas)--Chemical manufacturing companies spend a large sum of money on plant maintenance each year. Such is the case in the Middle East, where more than US$600 million worth of maintenance projects already have been completed or are still planned for completion this year.

For 2023, Industrial Info is tracking 403 planned chemical maintenance projects, worth US$655.5 million, that are planned in the Middle East. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports.

Companies planning to invest the highest amounts for their 2023 maintenance turnarounds include Rabigh Refining & Petrochemical Company (Rabigh, Saudi Arabia) with 17 projects worth US$43 million; Sadara Chemical Company (Jubail Industrial City, Saudi Arabia) with 12 projects worth US$30 million; Arabian Petrochemical Company (Al Jubail, Saudi Arabia) with 10 projects worth US$27.5 million; and Qatar Fertilizer Company (Mesaieed, Qatar) with nine projects worth US$17 million.

Iran, Saudi Arabia and Egypt are home to the largest maintenance investments, with US$245.4 million, US$223.3 million and US$54.2 million, respectively.

Click on the image at right for a chart showing planned chemical maintenance spending for 2023 in the Middle East by country.

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 more than 200,000 current and future projects worth $17.8 Trillion (USD).