GOIC statistics estimate Saudi Arabia's investments at $73 billion.
Saudi Arabia, being one of the leading exporters in the region, its exports of chemicals and chemical products amounted to $10.8 billion in 2005. Exports increased to $16.2 billion in 2008. Due to the global economic crisis, they decreased to $13.7 billion. The Kingdom's imports also increased from about $5 billion in 2005 to $8.5 billion, while the same decreased to $7.6 billion in 2009, according to the latest GOIC statistics.
As for Qatar, which is ranked second as an exporter of chemicals and chemical products, its exports in 2005 amounted to nearly $1.85 billion and rose to $2.4 billion in 2006. In 2007, the same amounted to a little over $3 billion and up to $4.1 billion in 2008 before declining to $2.1 billion in 2009. For the successive years from 2005 to 2009, Qatar imports reached $580 million, $750 million, a little more than $1 billion, $1.3 billion and finally $1.5 billion in 2009.
Recent years have seen a steady rise in imports and exports of chemicals and chemical products in the GCC countries. Exports reached $14 billion in 2005 and up to $16.2 billion in 2006 and $20.7 billion in 2007. In 2008, they reached approximately $26 billion, before they were affected by the global crisis. In 2009 they declined to $22 billion.
In 2005, imports were estimated at nearly $10.8 billion. They rose in successive years, respectively, to nearly $14 billion, $17.9 billion, $23.2 billion in 2008, falling to $20.7 billion in 2009.
The data provided by the GOIC Industrial Information Management outlines that approximately 1006 industrial facilites are operating in the field of chemicals and chemical products in the GCC countries, according to the Standard International Industrial Classification in its fourth application under clause number 20. Saudi Arabia and the UAE are ranked at the top with 405 plants each, followed by Oman with 80 facilities, Kuwait with 48 facilities and finally Bahrain with 37 facilities and Qatar with 31 facilities.
Chemicals and chemical products industry sector covers a group of sub-industries, according to the International Classification of economic activities in its fourth application, including manufacturing of basic chemicals, fertilizers, nitrogen compounds, plastics and synthetic rubber in primary forms and industries of a variety of goods such as pesticides, paint, inks, soaps and cleaning products, perfumes and cosmetics in addition to synthetic fibres.
The Industrial Information Management revealed that the total investments in chemicals and chemical products industry in 2010 in the GCC countries reached $73.2 billion. Saudi Arabia's contribution is estimated at nearly 51.2 billion, followed by Qatar at about $10.5 billion, while Kuwait ranked third with its contribution estimated at $4.6 billion. Oman ranks fourth with $4.2 billion. The contribution of UAE is $2 billion while that of Bahrain is estimated at approximately $488 million.
According to the GOIC figures provided by the IMI web portal for the industrial markets of those subscribing to the portal (www.imi.goic.org.qa), the number of workers in the GCC chemicals and chemical products industry is estimated at 83,835 in 2010. The largest percentage is in Saudi Arabia, with about 48,612 workers (58 per cent), followed by the UAE with 19,016 workers (22.7 per cent), Kuwait with approximately 5589 workers (6.7 per cent), Qatar with 4494 workers (5.4 per cent), Oman with 4128 workers (4.9 per cent), and Bahrain with 1996 workers (2.4 per cent).
The GOIC offers interested investors, analysts and writers the opportunity to see comprehensive statistics on the conditions of the industry in the GCC countries and Yemen, through the IMI web portal that allows subscribers to access a range of industry databases, including the Gulf database, which includes information on 22,000 plants in the Gulf States and Yemen, which include 14,000 operating plants and 8000 under licensing. This is in addition to providing access to foreign trade database, which contains detailed data on exports and imports of industrial goods to the Gulf states.
IMI subscribers can access the economic and social databases and review over 400 statistical tables containing economic and social indicators for GCC countries and Yemen. IMI also provides investment information for its subscribers from business owners and investors, introducing nearly 350 promising investment opportunities offered to them through summaries of statistical indicators to identify the industries that the Gulf region needs.
The IMI portal also gives access to a database developed for experts, including more than 100 experts specialised in economic, industrial, technical and academic fields, along with their contact information.
2011 CPI Financial. All rights reserved.
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|Date:||Jul 13, 2011|
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