Saudi Arabia Continues Investment in Chemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--With its abundant natural gas resources and thriving economy, Saudi Arabia is the largest producer of chemicals in the Middle East.

Government-owned Saudi Aramco (Dhahran, Saudi Arabia) is the largest and most important investor in the country, as it owns and operates a large number of chemical manufacturing facilities through its subsidiary SABIC and various partners. Other companies like Advanced Petrochemical Company, NEOM and Ma'aden (Riyadh, Saudi Arabia) also invest in the Chemical Processing Industry.

Click on the image at right for a graph showing the top five chemical processing project investors in Saudi Arabia.

Saudi Aramco's Amiral Complex, Advanced's propane dehydrogenation (PDH) complex and NEOM's mega green hydrogen and green ammonia project are the highlights of the current investments. NEOM Company has awarded an engineering, procurement and construction (EPC) contract to ThyssenKrupp Uhde to build one of the world's largest green hydrogen projects at NEOM City, Saudi Arabia, which is scheduled to start production by 2026.

Industrial Info is tracking 77 capital chemical processing projects in Saudi Arabia, with a total investment value of US$40.24 billion. Saudi Aramco is the major investor, with US$10.53 billion to be spent on 18 projects, followed by Advanced Petrochemical Company with US$8 billion for eight projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports.

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).