UAE Invests in Petrochemical Projects as it Strives to Grow Economy

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Researched by Industrial Info Resources (Sugar Land, Texas)--With its "Operation 300bn" strategy, the United Arab Emirates (UAE) is pushing to raise its industrial profile. The strategy is aimed at raising the manufacturing sector's gross domestic product (GDP) contribution from the current UAE Dirham (Dh) 133 billion (US$36 billion) to Dh300 billion (US$82 billion) by 2031, according to Gulf News.

The strategy will focus on a number of industries, including the energy, metals, manufacturing and petrochemicals.

Industrial Info is tracking nine capital chemical projects in UAE, worth more than US$9.6 billion, which are scheduled to kick off by the end of 2023.

Five of the projects, valued at US$5.8 billion, involve the production of industrial organic chemicals such as ethylene and methyl tertiary butyl ether (MTBE). Other projects involve the production of plastics materials such as polyethylene and polypropylene.

If you are a subscriber to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Industry Database, click here for a list of related projects.

Click on the image at right for a graph showing the project spending by standard industrial classification (SIC) code.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.