Those involved with ArabPlast2011, a petrochemical, plastics and rubber industry trade show, say that Oman is set to see a massive 60 percent growth in plastics and chemicals capacities, hitting 8.5 million tonnes through 2012. ArabPlast2011 is the leading trade show in the Middle East for this industry and runs in the Dubai International Exhibition Centre from January 8 to January 11, 2011.
The General Manager of Al Fajer Information and Services, Satish Khanna, co-organized ArabPlast2010 and noted that Oman is a petrochemical leader throughout the region with an international reach that spans 150 nations.
Oman Polypropylene’s marketing and sales head Sunil Sharma was present for a press conference also attended by the UAE and Oman’s territory in-charge Talib Al Harthy.
The Sultanate is moving away from an economy heavily dependent on oil and gas to one spiced with manufacturing and more companies in the knowledge-based sector. The Sohar industrial region has been created with this in mind to be the platform for many projects based on the oil and gas sector.
In the Oman Economic Vision 2020 plan the Sultanate is aiming to develop a robust private sector that will utilize the natural and human resources available efficiently and in environmentally sound ways. The industrial sector in Oman plays a large role in this goal, and the gas industry is included in that window.
Oman Polypropylene (OPP) is one of the major participants in ArabPlast. OPP’s plant is being used as a platform for other industries that convert polypropylene down the line, creating additional jobs in Oman as well as business prospects.
Khanna spoke to the Times of Oman and noted that the Sohar OPP plant is viewed as a seed set up to help large petrochemical projects of the future develop.
He also stated that the petrochemical industry has been concentrated in the Arab Gulf region over the past five years and the area should become even more important in the production and export of plastics and chemicals in the coming years. Khanna noted that around 30 to 40 percent of the global petrochemical needs have been taken care of by the members of the GCC.
The latest technological advances will be on display at ArabPlast2011 and the Middle East runner and plastics industry market trends will be tracked. The Middle East is still the largest exporter for this industry in the world and exports a majority of production to global markets.
The show will also see businesses from across the globe participating, including those in European nations like Austria, Belgium, the UK, France, Germany, Italy, Norway, the Netherlands, Spain, Portugal, Turkey and Switzerland, as well as North American nations like the US and Canada and Asian countries such as Thailand, Korea, China, Taiwan, Singapore, Bangladesh, Hong Kong and India. Nations from the Middle East that are represented include Saudi Arabia, the UAE, Oman, Qatar, Egypt, Iran, Jordan and Lebanon.Andrew Reid, Staff Writer, Gulf Jobs Market News