Satish Khanna, General Manager of Al Fajer Information and Services, addressing the press conference at Doha Marriott Hotel. Qassim Rahmatullah
DOHA: Qatar Petrochemical Company (QAPCO) will be the Principal Sponsor of Arabplast 2013 for the second time in a row. The Middle East’s tradeshow for rubber, plastics and petrochemicals, will be held from January 7 to 10, at the Dubai International Exhibition Centre.
The press conference, hosted by Messe Düsseldorf Germany and Al Fajer Information and Services, co-organisers of the show, stressed that a huge amount of plastics in different formats will be needed to cater to the requirements of the World Cup 2022, to be held here, especially since the construction and redevelopment of stadiums for the Mondial will kick off in 2013. This presents an ideal opportunity for Qatar to domestically supply its plastics needs for the World Cup preparations.
In Qatar, five stadiums are currently in planning or tendering stages and these would need large quantities of plastics that could be partially or fully supplied domestically, according to speakers at the conference. Highlighting the significance of Qatar in the petrochemicals sector as one of the six Gulf States that produce petrochemicals for the global market, the speakers said that Gulf States command an 11 percent share of the $600bn global petrochemical industry.
The GCC’s annual consumption of 3.4 million tonnes of plastics is expected to cross 5.5 million tonnes by 2015, with Qatar meeting the bulk of the supply, a press statement said yesterday.
Over the next five years, the Gulf’s market share of the global petrochemical industry will jump to over 17 percent and Qatar would remain a key player.
The Peninsula
