The Saudi Plastics & Petrochem 2014, opened by Abdullah bin Ali Al-Aqeel, deputy minister for internal trade, at the Riyadh International Convention and Exhibition Center on Monday, was a big draw.
The three day-event has the participation of 512 exhibitors from 27 countries, including 10 national pavilions showcasing their products and services
The show, held with the support of Minister of Commerce and Industry Tawfiq Al-Rabiah, is the 11th international plastics and petrochem trade fair, and Saudi Print & Pack 2014 is the 11th international printing and packaging technologies exhibition.
It showcases the latest technologies, machinery, equipment and supplies in the petrochemical, plastics, printing and packaging industries to the regional market. Both exhibitions share an area of 20,000 square meters.
Foreign participants include companies from India, Austria, Italy, Germany, Taiwan and Korea, which have separate pavilions.
Investments into the Kingdom’s petrochemical sector have reached SR3.6 trillion, making Saudi Arabia a primary source of material for related products such as packaging and plastics. It is further expected to become the world’s third largest exporter of petrochemical products with its market share poised to reach 10 percent by 2015.
Saudi plastics and petrochemical exports grew from less than $500 million in 1985 to $22 billion in 2011.
“The participation of major Saudi companies along with several international pavilions enriches the event with the latest industry information and analysis, trends and updates, and products and solutions,” Fahad Al-Athel, deputy general manager, Riyadh Exhibitions Company (REC).
Saudi Polymers is the platinum sponsor of the event and Saudi Basic Industries Corporation (SABIC) and Tasnee are the diamond sponsors while Saudi Printing and Packaging Company is the silver sponsor.
Al-Athel stated that the plastics industry is a multibillion riyal market in Saudi Arabia. “During the past three years, there has been a steady growth of eight percent in the Kingdom,” he added.
Earlier, at a press conference held in Riyadh, Kamil Al-Jawhari, project manager of Saudi Plastics and Petrochem and Saudi Print & Pack at REC, said: “We are keen to maintain our mutual business relationship with all our partners, and constantly develop and grow our leading exhibition to present a premier business gateway to all industry professionals to enter and grow within the lucrative Saudi market.”