RIYADH, 4 June — Deals worth more than SR870 million ($232 million) have been concluded during the Saudi print, plastic and packaging exhibition which was held at the Riyadh Exhibition Center late last month.
The plastic sector won 50 percent of the business, thanks to the Kingdom’s competitive edge in the field, derived from the low cost of raw materials. About 500 international companies from 24 countries were competing for business at the annual show.
The products on display included bottle filling machines, carton products, packing machines, paper products, petrochemicals, plastic utensils and packing materials for foodstuffs. Saudi exhibitors comprised 30 percent of the participants.
There were separate pavilions for Britain, Italy, India, Taiwan, Brazil, Austria, Germany, Thailand and the United Arab Emirates. Leading companies from Bahrain, France, Holland, Turkey, Belgium, Jordan, Oman, the United States, Canada, Korea, Poland, Egypt, Kuwait and Qatar also took part in the race for business.
The show attracted more than 40,000 visitors including 300 prominent foreign business and economic personalities. There are about 500 plastic and packing industries in the Kingdom involving a total investment of SR10 billion ($2.6 billion).
The show coincided with the international Saudi chemical products exhibition — a significant coincidence in the light of the growing trend of Saudi companies and businessmen to invest in petrochemical industries.
