The vice chairman and CEO of Saudi Basic Industries Corp (SABIC), Yousef Al-Benyan, called upon the region’s chemical industry to embrace structural changes and consolidate to compete with new players.

 

“There is a need for industry consolidation and structural changes in order for us to become a global player,” Al-Benyan, who is also the chairman of GPCA, said on the sidelines of the 13th annual GPCA Forum in Dubai.

 

“We must accelerate the joint efforts in creating partnerships through consolidation and portfolio exchange, which will create scale and value for all the players. Without these structural measures, we will not be able to compete with larger global players, both existing and new entrants,” he further added in his welcome address.

 

For more information on the chemical sector, as well as Saudi-listed petrochemical companies, follow Argaam’s exclusive data portal.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Aramco plans chemicals investments of $100 bln in next 10 years: CEO
Trade war ‘not healthy’ for any industry, says Saudi Aramco CEO
Saudi Aramco eyes $150 bln gas investments over next decade: CEO
GPCA forum 2018 kicks off in Dubai today

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request