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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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    Africa: From Food Importer to Global Powerhouse

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

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      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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      Saudi Arabia Launches Second Phase of Industrial Incentives to Attract High-Value Investment

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      Qatar’s Economy to Grow 6.5% by 2027 on LNG Expansion – World Bank

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      GCC Economic Growth Revised Upward to 4.4% in 2025 Despite Global Trade Tensions

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      UAE Economy Poised to Grow 5.1% in 2025 — ICAEW

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      Iraq Plans Major Cement Industry Expansion with New Plants Producing 52 Million Tons Annually

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      UAE’s GDP Reaches $483 Billion in 2024, Fueled by Non-Oil Expansion

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        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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        Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

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        New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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        Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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        Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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        Global Modular Construction Market to Hit USD 157.9 Billion by 2032

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        GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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        GCC Cement Market Forecasted to Reach 142.8 Million Tons by 2033, Growing at a 4.7% CAGR

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        Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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          Oman Seeks Bids for Two Major Substation Projects

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Qatar 2025: From Energy Powerhouse to Innovation Leader

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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            Daewoong Pharmaceutical Debuts Nabotah Botulinum Toxin in Qatar

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              Qatar Expands Role as a Leading Global Tourism Destination

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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              Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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              Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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              Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

              Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

              Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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              Qatar’s Tourism Sector Adds $14.9 Billion to GDP in 2024, Marks 14% Growth

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                Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                Packaging Becomes Lifeline for Struggling Print Industry

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                MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                How 3D printing is changing packaging

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                  GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                  Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                  Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                  Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

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                  How AI Is Shaping the Workforce of Tomorrow

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                  How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

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                  Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

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                  Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

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                  Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

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                    Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                    Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                    Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

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                    Riyadh Unveils Final Master Plan for Expo 2030

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                    Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                    Saudi Arabia Unveils New Unified Road Code to Transform National Transport

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                    Oman: A Strategic Logistics Hub with World-Class Infrastructure

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                    Building resilience in Africa’s agrifood supply chains

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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                      Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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                      Africa: From Food Importer to Global Powerhouse

                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

                      Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

                      Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                        Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

                        Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

                        Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

                        Oman Advances Vision 2040 with 95% of Strategic Programs Underway

                        Oman Advances Vision 2040 with 95% of Strategic Programs Underway

                        Saudi Arabia Launches Second Phase of Industrial Incentives to Attract High-Value Investment

                        Saudi Arabia Launches Second Phase of Industrial Incentives to Attract High-Value Investment

                        Qatar’s Economy to Grow 6.5% by 2027 on LNG Expansion – World Bank

                        Qatar’s Economy to Grow 6.5% by 2027 on LNG Expansion – World Bank

                        GCC Economic Growth Revised Upward to 4.4% in 2025 Despite Global Trade Tensions

                        GCC Economic Growth Revised Upward to 4.4% in 2025 Despite Global Trade Tensions

                        UAE Economy Poised to Grow 5.1% in 2025 — ICAEW

                        UAE Economy Poised to Grow 5.1% in 2025 — ICAEW

                        Iraq Plans Major Cement Industry Expansion with New Plants Producing 52 Million Tons Annually

                        Iraq Plans Major Cement Industry Expansion with New Plants Producing 52 Million Tons Annually

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                        UAE’s GDP Reaches $483 Billion in 2024, Fueled by Non-Oil Expansion

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                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                          Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

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                          New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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                          Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                          Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                          Global Modular Construction Market to Hit USD 157.9 Billion by 2032

                          GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

                          GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

                          GCC Cement Market Forecasted to Reach 142.8 Million Tons by 2033, Growing at a 4.7% CAGR

                          GCC Cement Market Forecasted to Reach 142.8 Million Tons by 2033, Growing at a 4.7% CAGR

                          Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

                          Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                            Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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                            Oman Seeks Bids for Two Major Substation Projects

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                            Qatar 2025: From Energy Powerhouse to Innovation Leader

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                            Iraq Aims for 12 GW of Renewable Energy by 2030

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                            Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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                            Iraq and Power China International Sign Deal to Strengthen National Power Grid

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                            Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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                              Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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                              Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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                              Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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                              Daewoong Pharmaceutical Debuts Nabotah Botulinum Toxin in Qatar

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                                Qatar Expands Role as a Leading Global Tourism Destination

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                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                                Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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                                Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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                                Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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                                Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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                                Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                                Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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                                Qatar’s Tourism Sector Adds $14.9 Billion to GDP in 2024, Marks 14% Growth

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                                  Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

                                  Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

                                  Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                                  Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                                  Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                                  Packaging Becomes Lifeline for Struggling Print Industry

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                                  MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                                  Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                                  Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                                  How 3D printing is changing packaging

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                                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                    Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                                    Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                                    Cisco VP: GCC Must Bridge AI Readiness Gap with Investment in Infrastructure, Skills, and Security

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                                    How AI Is Shaping the Workforce of Tomorrow

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                                    How AI and Digital Labour Are Reshaping the Future of Work in the Middle East

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                                    Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

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                                    Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

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                                    Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

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                                      Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                                      Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

                                      Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

                                      Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

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                                      Riyadh Unveils Final Master Plan for Expo 2030

                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

                                      Saudi Arabia Unveils New Unified Road Code to Transform National Transport

                                      Saudi Arabia Unveils New Unified Road Code to Transform National Transport

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                                      Oman: A Strategic Logistics Hub with World-Class Infrastructure

                                      Building resilience in Africa’s agrifood supply chains

                                      Building resilience in Africa’s agrifood supply chains

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                                      Home Business & Economy Business

                                      Saudi Arabia’s petrochemical producers look East            

                                      Oxford Business Group

                                      May 27, 2015
                                      in Business
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                                      Falling demand and rising competition for feedstock, alongside a national push to bring the price of raw materials closer to market rates, are combining to put pressure on Saudi Arabia’s petrochemicals industry.

                                      The price of petrochemicals dropped to a five-year low at the beginning of 2015 on the back of easing demand across several key markets. The operating environment is expected to remain challenging in the coming months, with little to indicate a significant pick-up in global economic activity, although forecasts of growth in Asian markets suggest a more positive outlook for producers’ longer term.
                                       
                                      Capacity boost
                                      Despite a cooling market, the industry will be bolstered by several new, large-scale facilities this year. For example, the Saudi Arabia Fertilisers Company (SAFCO) is due to start production in June at its new urea plant, adding 1.1m tonnes to the firm’s annual output.

                                      In a separate development, the $20bn Sadara Chemical Company plant is also set to commence production this year. The facility, which is being rolled out by Saudi Aramco and Dow Chemical at Jubail, will have the capacity to produce 3m tonnes of ethylene and polyethylene once fully operational. Its output is to be used as the base input for expanded downstream petrochemicals production. Plans to configure the Sadara facility to use both naphtha and ethane as feedstock mean the project will be in a position to benefit from lower oil prices.

                                      Looking East
                                      Mixed feed crackers will give Sadara Chemical Company a price advantage over its rivals when the new facility comes on-line, while also better equipping the firm to adapt to changes in the market, according to Ziad Al Labban, the company’s CEO. The plant, which is expected to be fully operational in 2017, will also be well placed to expand into growing markets, Al Labban told OBG.

                                      “Saudi Arabia is…next to the high growth markets of Africa and Asia,” he said. “With less than 3% of petrochemicals in the GCC being specialty products, there is a great opportunity for expansion.”

                                      When it comes to sustaining demand and growth, it is to Asia that Saudi Arabia’s petrochemicals producers are looking, according to Mutlaq Al Morished, CEO of the National Industrialisation Company (Tasnee).

                                      Al Morished is confident that the Kingdom’s long-term focus on Asia will pay dividends, despite some short-term weakness in demand. “There will be lower prices for petrochemical goods until economic activity picks up in Asia,” he told OBG. “However, we expect to see good long-term growth due to macro trends such as population growth and urbanisation.”

                                      Demand from rapidly expanding markets, such as Vietnam and Indonesia, alongside steady sales to established Asian centres, should help Saudi Arabia’s petrochemicals industry to strengthen its position, while waiting for the global economic rebound to build.

                                      Challenging times
                                      Overseas petrochemicals sales currently account for around 7% of Saudi Arabia’s exports and some 60% of non-oil exports. Despite this prominent economic role, most Saudi petrochemicals firms fell short of analysts’ profit forecasts for Q1 according to media reports, with combined results coming in 2% lower than expectations.

                                      According to industry participants, increasing domestic demand for natural gas supplies  from industry and utilities could hinder expansion in the petrochemicals segment. As gas allocations become limited, this may impact the overall execution of projects where intensive energy consumption is necessary.

                                      While analysts see present levels of gas supply meeting industry needs, rising demand from the utilities sector for the production of water and electricity could result in restrictions on how much gas is made available to petrochemicals firms. Any shortfall could be made up through the use of oil-based feedstock, though this would mean diverting oil production capacity away from the export market.

                                      The industry will also have to factor in increases in feed stock prices, with the state looking to lift the cost of gas to nearer market rates. While such a move will benefit state finances, any increases are set to partly erode the price advantage currently enjoyed by many Saudi petrochemicals firms. Some industry experts suggest that oil should be used more extensively in electricity production, freeing up gas for the petrochemicals sector, and paving the way for the Kingdom to expand its industrial base.

                                      Concern is also mounting that lower oil prices could prompt the government to scale back on spending, pushing down demand for petrochemicals products in the domestic market. Depressed oil prices are leaving many people in the business community worried about future demand with the potential for lower government spending as revenues decrease.
                                      Oxford Business Group
                                      27 May

                                       
                                       
                                       
                                       
                                       
                                       
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