Boosting the diversity of income sources - Saudi Downstream 2012

Saudi_Downstream_2012Industrialists hope that the Saudi Downstream Strategic Forum & Exhibition will provide a new concept and method for dealing with basic industrial output and its applications for process industries, thereby boosting the diversity of sources of income and economic integration in Saudi Arabia.

They also emphasise the importance of those concerned and working in various related industrial sectors taking part in the forum's activities as it will provide an important forum for discussion on the future of process industries.

Vital for the Kingdom

Majid Al-Ahmadi, CEO of the Project Management and Development Company in Jubail Industrial City, stated that the Forum is vital for the Kingdom due to the growing global focus on process industries. Saudi Arabia is set to drive the development of these industries in Kingdom and build on successes in the basic petrochemical industries.

Need effective mechanisms

Mozid Al-Khalidi, chairman of Ibn Sina, part of SABIC, and head of the Saudi Engineers Council, Jubail Industrial City Branch, said that the "current situation of process industries is unambitious and a comprehensive review of strategic plans is needed to ensure full-scale performance and to ensure that effective mechanisms are set up for implementation."

China and Malaysia

Al-Khalidi said, "We must not forget to benefit from the expertise of industrially advanced nations like China and Malaysia, who have succeeded in setting up their process industries, including setting up specialist centres for different industries to guide investments and assist investors in choosing the appropriate technology and speciality, and assisting them technically, administratively and technologically in setting up and operating factories as well as subsequently reviewing performance and working to ensure the relationship lasts and is successful."

Al-Jubail 2 and Ras Al-Khair projects

Mutlaq Al-Qahtani, head of the Businessmen's Committee in Al-Jubail stressed the importance of the forum focusing on the Al-Jubail 2 and Ras Al-Khair projects as well as the opportunities available in them for process industries, given the pressing need for industrial diversity to strengthen economic integration between sectors in the state.

Saudi Downstream Strategic Forum & Exhibition will take place in Jubail Industrial City, Saudi Arabia on 6-7 March 2012.

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