Saudi Arabia's Chemical Industry Set for US$18 Billion in Kickoffs in Two Years

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Researched by Industrial Info Resources (Sugar Land, Texas)--As part of its ambitious "VISION 2030" plan to diversify its economy and ease its dependence on oil exports, Saudi Arabia is urging companies to invest in its Chemical Processing Industry, including in "green" chemicals. Saudi Arabia is the largest chemical producer in the Middle East and is home to a few of the world's biggest chemical producers, such as Saudi Aramco (Dhahran, Saudi Arabia), Saudi Basics Industries Corporation (SABIC) (Riyadh, Saudi Arabia) and Maaden (Riyadh).

Saudi Arabian companies are at work on many multi-billion-dollar chemical projects, and many more are expected to emerge in the coming years. Industrial Info is tracking more than 60 active projects in Saudi Arabia worth US$34 billion; about 30 of these projects, totaling more than US$18 billion of investment, remain in the planning stage and are currently slated to begin construction within the next two years.

The industrial organic chemicals sector leads among sectors with Saudi Arabia's Chemical Processing Industry, with 25 projects valued at US$17.6 billion.

Some notable projects include Aramco's Amiral complex and Maaden's Phosphate III complex. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of projects detailed reports for projects related to the Amiral complex and click here for a list of those related to the Phosphate III complex.

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) platform 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).