Within the Gulf Cooperation Council (GCC) region was Saudi Arabia the leading generator of revenue in the petrochemical sector with almost 80 percent. The total revenue for the chemical industry in the region was 95.9 billion U.S. dollars. Between 2020 and 2021, the year-on-year revenue growth for that sector in the GCC region was over 77 percent. The downstream industry is the leading economic driver of the GCC region. Petrochemical companies in the region mainly started as state-owned enterprises; two of the leading companies in the region are SABIC and Industries Qatar.
Petrochemical industry in GCC - statistics & facts
Within the Gulf Cooperation Council (GCC) region was Saudi Arabia the leading generator of revenue in the petrochemical sector with almost 80 percent. The total revenue for the chemical industry in the region was 95.9 billion U.S. dollars. Between 2020 and 2021, the year-on-year revenue growth for that sector in the GCC region was over 77 percent. The downstream industry is the leading economic driver of the GCC region. Petrochemical companies in the region mainly started as state-owned enterprises; two of the leading companies in the region are SABIC and Industries Qatar.
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