Middle East Economic Survey


No 23



Gulf Petrochemicals Expected To Reach 20% Share Of Global Market, Says GPCA

The overall share of the Gulf region in the world petrochemical industry is projected to grow markedly from 15% at present to 20% by 2015, said the Gulf Petrochemical and Chemical Association (GPCA) on 31 May. The Gulf petrochemical and chemical industry is on firmer footing in 2011 after the harsh economic downturn of 2008 and 2009, according to GPCA. It...