Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

REGIONAL/GCC

GCC Should Target $200Bn In Petrochemical Revenue By 2020, Says Falih

Saudi Aramco CEO Khalid al-Falih has said the GCC should aim for a fivefold increase in petrochemical and chemical sales and target production valued at $150-200bn by 2020. Speaking at the Gulf Petrochemical and Chemicals Association Forum in Dubai on 8 December, Mr Falih said that GCC chemicals revenue is forecast to rise from around $40bn/year to nearly...