Downstream experts set for Yanbu forum

Downstream experts set for Yanbu forum
Updated 03 March 2014

Downstream experts set for Yanbu forum

Downstream experts set for Yanbu forum

Top government and private sector leaders gather in Yanbu on Tuesday to focus on ways to grow the Kingdom’s petroleum downstream industries.
The Royal Commission for Yanbu and Jubail (RCYJ) hosts the third edition of Saudi Downstream, the Kingdom’s refining and petrochemical forum.
The opening ceremony of the two-day forum includes a welcome address by Prince Saud bin Abdullah bin Thunayyan Al-Saud, chairman of the RCYJ, followed by a session on the importance of downstream industries in maintaining and developing a sustainable national economy.
This session will feature Ali Al-Naimi, minister of petroleum and mineral resources, Abdullatif Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), Khalid bin Saleh Al-Mudaifer, president and chief executive officer of Saudi Arabian Mining Company (Maaden), and Mubarak Al-Khafra, chairman of Tasnee.
Other participants include Alaa Nassif, executive president of the RCYJ, Muhammad H. Al-Mady, vice-chairman and CEO of Saudi Basic Industries Corporation (SABIC), and Azzam Shalabi, president of the National Industrial Clusters Development Program.
The sessions will look at ways to develop and sustain private and public partnerships. There will also be three workshops focusing on investment opportunities in Jubail, Yanbu and Ras-Al-Khair, including solar and lubricant industries.
The exhibition area is open to the public and will have the displays of 40 international companies looking to cement their positions in one of the Kingdom’s most lucrative markets.
A new addition to the forum this year will be a pavilion on small and medium businesses, sponsored by Maaden.
Nassif said there has been a total of SR150 billion invested in the Yanbu Industrial City, with 175 manufacturing plants set up.
Day two of the forum includes various workshops on “positioning Saudi Arabia as a business and industrial hub serving the region,” according to the forum’s website.
The aim is to highlight “expansion in the industrial cities and assess which new industries will best complement the existing services within Saudi Arabia and create a development plan to incorporate these into future planning.”