Dr. Abdullah bin Mohammed Belhaif Al-Nuaimi, UAE minister of infrastructure development, opened on Sunday at the Dubai International Convention and Exhibition Center ArabPlast 2019, the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (MENA) region.
“Petrochemicals, plastic and rubber are the key drivers of the economic growth for any country, and exhibitions such as ArabPlast not only offer a strategic platform for participants and visitors to explore groundbreaking solutions and cutting-edge technologies, but also serve as a medium to promote international alliances and sales,” said Al-Nuaimi.
Petrochemicals, components derived from oil and gas are used in all sorts of daily products including packaging, plastics, clothing, detergents, tires and much more.
According to a study by International Energy Agency (IEA), petrochemicals are becoming the largest drivers of global oil demand, in front of cars, planes and trucks.
“Most economies rely on petrochemicals given how prevalent they are in everyday products. The Gulf has a high potential to grow, given the advancement surrounding the petrochemical industry,” said Satish Khanna, general manager, Al-Fajer Information and Services, organizers of ArabPlast 2019.