Gulf 4P is a premier B2B platform tailored to highlight the latest products, technologies, and innovations within the Plastics, Packaging, Printing, and Petrochemicals sectors.
This event will open up significant business opportunities for global manufacturers, suppliers, entrepreneurs, and industry professionals eager to tap into the lucrative market that Saudi Arabia offers. The Saudi economy stands as the largest in both the Gulf and MENA regions, positioned to outperform neighboring countries in terms of appeal for foreign investors and substantial investment portfolios, particularly in the industrial sector.
With an unprecedented surge in industrial manufacturing, the industrial sector is projected to contribute 21 percent to the gross domestic product (GDP) by 2030. Saudi Arabia leads the Gulf region in plastics and petrochemical production, representing over 67 percent of the total GCC petrochemicals capacity.
The Kingdom's petrochemicals capacity experienced a 12 percent compound annual growth rate (CAGR) from 2018 to 2022, reaching 90 million tons last year. Meanwhile, the rapidly expanding packaging and printing industries are growing at an annual rate of 12%, commanding a remarkable 70% market share within the entire GCC region.
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