DUBAI — Greater focus on innovation will be needed in the chemical industry in the GCC and globally to address the world’s sustainability challenges, said speakers at the 6th edition of GPCA Research and Innovation (R&I) Summit, inaugurated by Shaikh Mohammed Bin Khalifa Bin Ahmed Al Khalifa, Minister of Oil, Bahrain, wednesday at ART Rotana, Amwaj Islands,

The minister stressed in his inaugural speech that GCC countries must invest in research and innovation and ensure a steady supply of high-quality chemicals to meet the world’s increasing demand driven by a rapid population increase. Regional chemical producers are witnessing fierce competition and challenges in the face of globalization and digitalization.

To overcome these difficulties regional producers must focus on research and innovation to produce new products in line with modern international standards, the minister said, further highlighting the need for ongoing support from governments in the GCC to maintain the region’s competitiveness in this dynamic and changing market.