ArabPlast 2019 to open in Dubai next month

Updated 25 December 2018
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ArabPlast 2019 to open in Dubai next month

Borouge, Khalifa Industrial Zone Abu Dhabi (KIZAD), National Industrialization Company (Tasnee) and Oman Oil Refineries and Petroleum Industries Company (Orpic) have announced their association with ArabPlast 2019. The event is set to take place from Jan. 5-8, 2019, at Dubai International Convention and Exhibition Center.

While Borouge will serve as a strategic partner, KIZAD as support sponsor, Tasnee will be the regional associate for the event, while    Orpic is the gold sponsor. This was announced at a press conference at Grand Hyatt in Dubai.

According to Ubhar Capital, shares in petrochemical companies in the GCC performed better this year than in 2017 and the outlook looks decent for 2019. In 2018, earnings of GCC petrochemical companies stood at $7.57 billion compared to full year 2017 earnings of $7.45 billion, higher by 2 percent as reported by the Ubhar Capital report.

“GCC countries play a major role in meeting global demands related to plastics and petrochemicals. This has not only increased the productivity of the industry, but also strengthened its growth,” said Satish Khanna, general manager, Al-Fajer Information and Services, Dubai, organizers of ArabPlast 2019.

With the industry experiencing a steady growth, plans are already in place for a massive investment in the downstream sector, with more than $200 billion expected to be plowed into new refining and petrochemicals ventures in the GCC by 2025. According to a new report released by the Paris-based International Energy Agency (IEA), primary chemicals consumption will grow almost 60 percent to 1 billion tons by 2050, where the Gulf will account for 12 percent of all global high value-chemicals.

“The petrochemical sector has considerable room for growth, and the Gulf represents the world’s fastest growing markets. We are confident that having Borouge, Tasnee and Orpic associate with ArabPlast 2019 will add value to the event, as well as open doors for comprehensive cooperation and business opportunities for visitors and participants,” added Khanna.

Borouge is a petrochemical company that provides innovative, value-creating plastics solutions.

“We are glad to participate at ArabPlast to meet with the industry leaders to exchange ideas and discuss the best ways to move our business ahead,” said Ahmed Al-Shamsi, senior vice president regional MEAE at Borouge. 

He added: “As our participation at ArabPlast this year coincides with our 20th anniversary celebration, Borouge will be able to utilize this important platform to meet with our customers, partners and peers and showcase our innovative polyolefin solutions and emphasize the many opportunities they create, throughout the value chain.”


King Abdullah Port throughput up by 36%

The number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017.
Updated 21 January 2019
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King Abdullah Port throughput up by 36%

The annual throughput of King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36 percent compared to 2017. This maintains its position as the second largest port in the Kingdom in terms of container handling. 

Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management stated that the annual increase in throughput was primarily achieved in conjunction with an 8 percent increase in imports and exports compared to 2017.

King Abdullah Port CEO Rayan Qutub said: “King Abdullah Port constitutes a real success story in public-private sector partnerships in light of the increasingly outstanding figures it achieves year after year. The port has become the leading driver in the maritime shipping and logistics services sector in terms of building knowledge, launching initiatives and supporting various activities in this sector.”

He added: “King Abdullah Port aspires to support the Kingdom’s economic development and enhance its competitiveness by increasing the efficiency of logistics services and supporting trade movement between the Kingdom and the rest of the world in line with Vision 2030. The latter would occur through the provision of state-of-the-art infrastructure and advanced logistics services to become a landmark on the maritime and logistics services map in the Kingdom and the region.”

Referring back to the 2018 results, Qutub said: “We achieved a record 50 percent increase in container handling in the first half of 2018, and we are moving forward with our development plans to provide best practices in the fields of port development and operation as well as supporting logistical services. This will increase the Kingdom’s competitive advantage on the logistics services index, and in turn effectively contribute to achieving the logistical objectives of the Kingdom’s Vision 2030.” 

The results achieved by King Abdullah Port in 2018 include an increase in transshipment volume reaching 1,847,569 TEUs, which is a 44 percent increase compared to 2017. Meanwhile, the number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017. 

The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.