USD43b contributed to GCC economy by Chemical industry| MENAFN.COM

Wednesday, 10 August 2022 01:45 GMT

USD43b contributed to GCC economy by Chemical industry


(MENAFN) Around USD43.8 billion has been contributed by the GCC chemical industry to the GCC economy in 2016, equal to almost one third of manufacturing value added and 29 percent of manufacturing revenue, a recent report said.

The data released in the new report, titled "2016 GCC Petrochemical and Chemical Industry Facts and Figures" by the Gulf Petrochemicals and Chemicals Association (GPCA), highlighted the role of the chemical industry in diversifying the regional economy and accelerating non-oil economic growth.

The report was released before the 12th Annual GPCA Forum taking place from November 27 to 29 at Madinat Jumeirah, Dubai.

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