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There are over 150 Chinese investors who invest in petrochemicals, plastics, and printing and are looking for strategic partnerships with Saudi firms, as per the information given by the organisers of the Gulf 4P International Exhibition that is happening at the Dhahran International Exhibitions Center.
According to Hamad Homoud Al-Hammad, chairman of the National Contracting Committee at the Federation of Saudi Chambers, Saudi Arabia has become the biggest plastics industry hub in the Middle East. This has been facilitated by the availability of raw materials, infrastructure, and both domestic and export demand.
The Saudi packaging market was worth more than $2 billion in 2021 and was expected to reach $2.6 billion by 2027. Besides, the forecast for the plastic packaging industry in 2025 is 8.59 billion dollars with a target of exceeding 10 billion by 2030.
The exhibition hosts manufacturers, investors, and suppliers from Asia, Europe, and the Gulf. It facilitates technology exchange, B2B meetings, and investment deals. Chinese companies desire to use these relationships to enter the Saudi markets and take advantage of the Kingdom’s growing industrial demand.
The organisers are confident that this increasing cooperation is in line with the bigger economic transformation objectives that will lead to the creation of a diversified and modern industrial base far beyond oil.
That leads to a media environment where meaningful voices are under-represented, nuance gets lost, and the heritage or future potential of the region is rarely given its due.
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