Middle East to See $19 Billion in Chemical Kickoffs in Next Two Years

Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is a major exporter of chemicals. It produces a vast range of chemicals, including major products such as petrochemicals, agrochemicals, chlor-alkali and plastic chemicals.

The region attracts huge investments from both local and foreign investors, which helps the countries to pursue economic diversification and expand their export portfolios.

Industrial Info is tracking 85 capital-spending chemical projects, worth about US$19 billion, in the Middle East that are expected to kick off construction in the next two years (June 2022-2024). Forty projects belong to the petrochemical sector, followed by the agrochemical and plastic chemicals sectors, with 15 and 12 projects, respectively. Subscribers to Industrial Info's Chemical Processing Project Database can click here for a full list of detailed project reports.

Click on the image at right for a breakdown by sector for capital chemical project kickoffs in the Middle East in the next two years.

These include Fertiglobe's (Abu Dhabi, United Arab Emirates) green hydrogen complex in Egypt, and Kangan Petro Refining Company's (Tehran, Iran) olefins complex in Iran.

During the last two years (June 2020-2022), 61 capital projects were completed, worth more than US$16 billion. Subscribers can click here for a list.

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).