UAE Diversifies to Petrochemicals

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Researched by Industrial Info Resources (Sugar Land, Texas)--The United Arab Emirates (UAE) is moving toward an economic policy diversification to reduce the country's economic dependence on oil and gas, and the petrochemical sector has taken on more significance, particularly with the launch of the UAE's Economic Vision 2030.

Abu Dhabi National Oil Company (ADNOC) (Abu Dhabi, UAE) is the biggest and most important investor in the UAE as it owns and operates a large number of petrochemical and refinery manufacturing facilities in the country through its various and multiple operators.

Industrial Info is tracking more than $10 billion worth of active petrochemical projects in the UAE, such as ADNOC's grassroot chlor-alkali plant in Ruwais, construction of which could begin toward the end of this year. Subscribers to Industrial Info's Chemical Processing Project Database can click here for the full report.

Subscribers can click here for all active petrochemical projects in the UAE.

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).