Saudi Arabia is expected to become the world's third largest exporter of petrochemical products with a market share of 10% by 2015. Saudi Arabia's plastics and petrochemical exports reached about $22bn in 2011, up significantly from less than $500111 in 1985.
Also, the Kingdom's domestic plastics and petrochemicals outlook is highly favorable as it shifts its focus from raising its oil production capacity to expanding its natural gas, refilling and petrochemicals industries.
Reuters
1 December
