Middle East to Complete $29 Billion of Chemical Projects by 2025

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is a major exporter of chemicals. The major products include petrochemicals, agrochemicals, chlor-alkali, plastic chemicals, and more. The region attracts huge investments from both local and foreign investors and uses the capital to further 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. The region has ambitiously announced billions of dollars for green hydrogen projects.

Industrial Info is tracking 97 under-construction chemical projects in the Middle East, worth more than $29 billion, that are expected to come on-stream by 2025. Iran leads with 76 projects valued at $19 billion, followed by Saudi Arabia with eight projects for $3.3 billion.

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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).