01 February 2012
According to Frost & Sullivan, Saudi Aramco's growth plans are clearly aligned with the diversification objectives of the Kingdom of Saudi Arabia (KSA). Saudi Aramco, through its Joint Ventures such as PetroRabigh, Sadara Chemical Company and Satorp is introducing a whole new array of products which were not previously produced in the Gulf Cooperation Council (GCC).
These chemicals not only add more value along the petrochemical chain, but also open investment opportunities in the downstream sector and ultimately create more job opportunities for the local people. Having worked with multiple companies in Saudi Arabia, Frost & Sullivan clearly sees palpable interest amongst investors and manufacturers alike to make the best use of availability of new feedstock in the KSA. It would not be a surprise if further joint ventures are announced by Saudi Aramco in the near future for specialty petrochemicals paving the way forward for greater technological collaboration with the global producers.
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Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team™ with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Perspective by: Vishnu Sankaran, Industry Manager, Chemicals and Materials Practice, Middle East and North Africa, Frost & Sullivan
According to Frost & Sullivan, Saudi Aramco's growth plans are clearly aligned with the diversification objectives of the Kingdom of Saudi Arabia (KSA). Saudi Aramco, through its Joint Ventures such as PetroRabigh, Sadara Chemical Company and Satorp is introducing a whole new array of products which were not previously produced in the Gulf Cooperation Council (GCC).
These chemicals not only add more value along the petrochemical chain, but also open investment opportunities in the downstream sector and ultimately create more job opportunities for the local people. Having worked with multiple companies in Saudi Arabia, Frost & Sullivan clearly sees palpable interest amongst investors and manufacturers alike to make the best use of availability of new feedstock in the KSA. It would not be a surprise if further joint ventures are announced by Saudi Aramco in the near future for specialty petrochemicals paving the way forward for greater technological collaboration with the global producers.
-Ends-
Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team™ with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Perspective by: Vishnu Sankaran, Industry Manager, Chemicals and Materials Practice, Middle East and North Africa, Frost & Sullivan
© Press Release 2012
