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.”


Millennium MEA confirms rights to Makkah hotel

The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
Updated 16 June 2019
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Millennium MEA confirms rights to Makkah hotel

Millennium Hotels and Resorts Middle East and Africa (MEA), a hotel management company in the region, has addressed its guests with deep regrets for the inconvenience they might have encountered during their stay at Makkah Millennium Hotel and Towers.
“It is with regret that Millennium and Copthorne had announced that on June 13, 2019 the owner of Makkah Millennium Hotel and Towers had unlawfully, and in contrary to the terms of the operating and management agreement, interfered with the exclusive rights of Millennium in the management and operation of the hotel and towers,” the company said in a press release.
“Millennium disagrees with the owner’s acts and had commenced proceedings to remove this interference and confirm Millennium’s exclusive rights to manage and operate the hotel and towers without interference from the owner or others.
“Millennium regrets any inconvenience this situation has caused or may continue to cause to its guests.”
The company said it is pursuing all available legal courses of action inside the Kingdom, and is confident of the Saudi judiciary system in the protection of rights and imposing of justice.
Operating 4,067 keys in the Kingdom, Millennium Hotels and Resorts MEA has affirmed its commitment to the Saudi market and pledged to continue its efforts toward tourism, travel and hospitality sectors in Saudi Arabia to achieve the goals of Vision 2030 and beyond.
Millennium Hotels & Resorts is a global hotel company, which was founded in 1989, on the vision of its chairman, Kwek Leng Beng, who leads Singapore’s Hong Leong Group. With almost 40,000 rooms worldwide, the company currently operates 40 hotels, has 14 hotels due to open this year and 35 hotels in the pipeline across the region.
The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
The luxury hotel features direct views of the Grand Mosque and the Holy Kaaba. The hotel has five restaurants, namely, Jasmin Café, Al-Fayhaa Restaurant, Al-Andalus Restaurant, Al-Noor Restaurant and Lagenda Restaurant.
Makkah Millennium Hotel is located close to many main attractions in the city, including important Islamic holy sites that are less than five miles away. Zamzam well, Jabal Al-Nour, Cave of Hira and the Makkah museum are some of the nearby landmarks, while other areas of interest close by include a large shopping mall, supermarket, and a variety of international restaurants and lounges.