(MENAFN) DP World's top Jebel Ali center containing Jebel Ali Port and Jebel Ali Free Zone (Jafza) plans to emphasize the development outlooks in the industry and their attractive offerings with their collaboration in the 15th edition of Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum from 7th - 9th December 2021.
“The global petrochemical market is expected to grow at a CAGR of 5.1 percent between 2021 to 2030 as per reports by market research and consulting organization Precedence Research. As forecasted by the American Chemistry Council (ACC), global chemical output volume is expected to grow by 3.9 percent in 2021. So, we are seeing an upward trend in the industry,” stated Abdulla Bin Damithan, CEO and Managing Director, DP World UAE and Jafza.
He further said: “In the UAE too, the petrochemicals sector is an integral pillar of the UAE’s Industrial Strategy ‘Operation 300bn’ that is expected to increase the GDP from AED133 billion to AED300 billion by 2031. We are looking to capitalize on strategic trade events like GPCA to boost this growth that will help our existing partners with whom we have long-standing relationships.”
MENAFN05122021000045013270ID1103307271
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.