Asharq Al-awsat English https://aawsat.com/english Middle-east and International News and Opinion from Asharq Al-awsat Newspaper http://feedly.com/icon.svg

Ministry of Industry: Saudi Investments in Plastics Total $9.3 Billion

Ministry of Industry: Saudi Investments in Plastics Total $9.3 Billion

Sunday, 23 January, 2022 - 11:00
Al-Zamil speaks during the inauguration of the International Polymer Forum and the Plastics Manufacturers Exhibition 2022. (SPA)

Osama Al-Zamil, Saudi Deputy Minister of Industry and Mineral Resources, said investing in plastic materials contributed to raising productivity and reaching the desired intensity of the manufacturing process, thanks to the recycling process, which limits environment pollution.


Al-Zamil noted that the number of factories operating in the plastics industry in Saudi Arabia has reached more than 1,321, with investments estimated at more than 35 billion riyals ($9.3 billion).


They constitute 2.62 percent of the total volume of investments in the Kingdom’s industrial sector, he said during his inauguration of the International Polymer Forum and the Plastics Manufacturers Exhibition 2022, which kicked off at the Riyadh International Convention and Exhibition Center on Saturday, in the presence of a number of experts and specialists, and a selection of companies specialized in this industry.


In his speech, the deputy minister underlined the importance of the forum in enhancing Saudi Arabia’s industrial status at the local and global levels, encouraging the industrial thought in the sectors specialized in the manufacture of plastics and rubber materials and the associated manufacturing industries, as well as improving the competitiveness of the national products.


The International Plastics Manufacturers Exhibition aims to raise awareness on the importance of plastics in the economy, due to its many uses in promising industries such as food, automobiles, marine industries and medical supplies.


Editor Picks

Multimedia