They review their capabilities in the "sector" during "GPCA 2021"
Jebel Ali and Jafza acquire 60% of Dubai's petrochemical trade
The joint capabilities of Jebel Ali Port and “Jafza” meet the great demand of the industry locally and globally.
From the source
Abdullah bin Demaithan: "There is an upward trend that we are witnessing currently in the petrochemical sector, which is one of the main pillars of the (300 billion project)."
The integrated logistics business center of the "DB World" group accounts for about 60% of the total value of Dubai's trade in the petrochemical sector.
A statement issued yesterday indicated that the center, which includes Jebel Ali Port and Jebel Ali Free Zone (Jafza), plays a key role in empowering the petrochemical sector in the UAE and the Middle East in general.
The statement stated that the center will highlight the growth prospects in the sector and the competitive offers it provides, through its participation in the 15th edition of the annual “GPCA” forum organized by the Gulf Petrochemicals and Chemicals Association, in Dubai, during the period from the seventh to the ninth of this December, with the participation of industry leaders. Global and regional companies from more than 500 companies in 50 countries.
Abdullah bin Demaithan, CEO and general manager of dbworld UAE and Jafza, said that there is an upward trend that we are currently witnessing in the petrochemical sector, which is one of the main pillars of the national strategy for industry and advanced technology “the 300 billion project”, which is expected to Increasing the contribution of the industrial sector to the country's GDP from 133 billion dirhams to 300 billion dirhams by 2031.
Bin Demaithan added: “The global petrochemical market is expected to grow at a compound annual rate of 5.1% between 2021 and 2030, according to reports from Presidency, a market research and consultancy firm.”
He continued, "According to the American Chemistry Council, the volume of global chemical production is also expected to grow by 3.9% this year."
Bin Demaithan stated that the petrochemical sector is an integral part of the main industrial sectors in DB World, pointing out that the joint capabilities of Jebel Ali Port and Jafza, which constitute a major integrated and multi-modal hub, by land, sea and air, meet the demand. industry, both locally and globally.
He explained that the petrochemical complex in Jafza extends over an area of 3.8 million square meters, and includes 563 petrochemical companies from 70 countries working in many products, such as bitumen, plastics, organic chemicals, tanning extracts, and others.
The list of partners includes countries such as India, Japan, China, South Korea, the UAE, Saudi Arabia, and others.
Jebel Ali Port provides integrated solutions for various aspects of the petrochemical industry, including storage facilities, such as tank stations and warehouses, storage facilities for packaged lubricants, fuels and industrial chemicals, in addition to storage tanks built according to International Standards Organization (ISO) standards, as well as Warehouses for hazardous materials.
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