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Taking downstream to a different level.

Saudi Downstream hopes to provide a platform for sharing knowledge and experience gained in the downstream industry over the years

Saudi Arabia's largest downstream gathering -- Saudi Downstream 2016 -- to be held at the Al-Fanateer Cultural Centre, in Jubail Industrial City in Saudi Arabia from March 8 to 10, will combine a strategic conference and an international exhibition.

The international exhibition attracts the largest international downstream organisations, with over 50 exhibitors participating each year including the likes of Saudi Aramco, Sadara and Sabic.

Organised by the Royal Commission for Jubail and Yanbu, the 2016 event in Jubail is set to be the largest in the event's history with more sponsors, exhibitors, delegates and visitors than ever before. The three-day event will be held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and is set to attract over 20 sponsors, with the exhibition set to be the largest in the series during 2016, according to the information available on the event website. The strategic conference draws in over 500 high level delegates each year looking for new investment opportunities and supporting infrastructure.

In 2016, the prestigious conference will highlight Saudi Arabia's support for continued foreign investment and the trusted stability of the kingdom.

'Saudi Arabia enjoys competitive advantage in petrochemical, plastics, metals and minerals based value-added manufacturing industries. In an era of fluctuating energy prices, Saudi economic growth via industrialisation will rely heavily on exploitation of technology-equipped downstream opportunities where the growth of small, medium and large scale manufacturing activities can create sustainable job markets to the country's workforce,' says Dr Mosleh H Al Otaibi, CEO, Royal Commission in Jubail and chairman, Forum Organising Committee, in his address.

'By hosting the Forum the Royal Commission will be hoping to provide a platform for sharing knowledge and experience, in exploitation of mainly the petrochemicals and the plastics based downstream industries which are already showing promises of sustainable growth in the country's goal for economic diversification. It will also be the platform for partnership building and knowledge sharing between global downstream industries,' Al Otaibi adds.

The Forum will bring together public and private sector elites for engaged presentations and discussions on topics such as: Strategies for diversifying the national economy; Mechanisms to ensure sustainable industrial growth; Enabling new and innovative industry creations for the kingdom; Key challenges to logistics to the industrial cities; Trends, opportunities and strategies in expanding downstream industries in the kingdom; Integration between upstream and downstream industries; Job creation via expanded sustainable and downstream industries; New and developing areas of industrial growth in GCC countries.

Besides Al Otaibi, some of the speakers who will be speaking at this year's conference include: Amin H Nasser, chief executive officer, Saudi Aramco; Yousef Abdullah Al Benyan, acting vice-chairman and chief executive officer, Sabic; Warren Wilder, vice president, chemicals, Saudi Aramco; Prof Dr Siegfried Russwurm, chief executive officer Industry Sector, executive vice president and member of the Managing Board, Siemens; and James D McIlvenny, senior vice president, The Dow Chemical Co.

Participants to the three-day conference will be able to visit various demonstrations and information booths in the adjoining exhibition centre.

The Saudi Downstream Forum was created five years ago to highlight the vast investment potential with the kingdom's downstream industry and promote the development of associated industries to ultimately culminate in a global hub for manufacturing.

Saudi Arabia is the most important energy hub in the world with resources outstripping that of any other country. Over the last 15 years under the leadership of the Custodian of the Two Holy Mosques and the Government, Saudi Arabia has started to transform its economic base from an exporter of crude, to a manufacturer of oil and gas based products.

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Publication:Oil & Gas News
Geographic Code:7SAUD
Date:Feb 29, 2016
Words:643
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