openPR Logo
Press release

The Royal Commission hosts the Second Saudi Downstream Forum 6-7 March 2012

03-06-2012 08:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The CWC Group

The Royal Commission for Jubail and Yanbu hosts the Second Saudi Downstream Forum & Exhibition, which will be held under the Patronage of the Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al Saud on 6-7 March 2012, at Al-Fanateer Cultural Center in Jubail Industrial City, Saudi Arabia.

The Forum will present the Kingdom’s strategic role in supporting the integration of the primary petrochemical industries and downstream industries and the Kingdom’s key role in the growth of international economy. The Royal Commission has invited national and international specialist investment companies, to enhance the use of the petrochemical and mineral products of the primary industries in the Kingdom as feedstock. A large portion of these products is exported to international markets. By this forum, the Royal Commission aims at focusing on utilization of petrochemical and mineral products of the primary industries as feedstock in order to achieve industrial integration through investment in downstream industries which depend on the primary industries products as feedstock. Reports show that approximately 85% of the polymers produced by primary petrochemical industries in the Kingdom are exported to international markets, and that investment in the downstream industries will, in addition to the industrial integration, realize the comprehensive economic development that contributes to diversifying sources of income and provides promising job opportunities.

Competition in the international market, particularly with countries such as China and India which have high production capacities, and large local markets backed by the ability to absorb these products, is considered the major obstacle that hinders the establishment of large downstream industries in the Kingdom. The Royal Commission is currently working to enhance competitiveness of downstream industries by adopting initiatives in this respect, such as cluster services, developing special sites for research and development centres, logistic services and providing high quality and reliable services.
It is expected that the outcome of this Forum will assist in taking practical steps to realize promising initiatives and to overcome the obstacles the investors may face.

The Royal Commission, established in 1975 by a Royal Decree, is the governing body responsible for the development and investment generation in core industrial sectors within Yanbu Industrial City, Jubail Industrial City and Ras Al Khair Industrial City.

These responsibilities include the provision of land, utilities, education, health care, social policy and infrastructure supporting both industrial and social integration and development. The overall development of Jubail and Yanbu as world-class industrial cities in petrochemical and energy-intensive industries accomplished with an investment of over $20 billion, has witnessed the creation of over 200 industries that have invested over $42 billion, providing employment for over 85,000 workers. The 157,000 residents of the two cities enjoy world class amenities and security.

The CWC Group is an award-winning company which specialises in energy and infrastructure, developing knowledge, creating commercial opportunities and strategic solutions for government and industry by offering professional training, conferences and exhibitions.

Esha Sofat
Marketing Manager
CWC Group Ltd, Regent House, 16-18 Lombard Road, London, SW11 3RB, United Kingdom

Tel: +44 20 7978 0020

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Royal Commission hosts the Second Saudi Downstream Forum 6-7 March 2012 here

News-ID: 213160 • Views: 1234

More Releases from The CWC Group

Cartagena to play host to Colombia’s oil & gas decision makers
CWC Group’s Colombia Oil & Gas Summit in Cartagena, 2-4 April 2014 (officially endorsed by the Colombian Ministry of Mines & Energy, ANH (Agencia Nacional de Hidrocarburos) and DIMAR (Dirección General Marítima)) will host Colombia’s oil and gas decision makers to discuss the country’s developing hydrocarbon sector, investment opportunities for international investors and upcoming projects. Exclusive announcements will be made by Ministers and senior representatives from national and international oil
3rd Annual World Shale Awards Shortlist Announced
The shortlist for the 3rd Annual World Shale Awards 2013, taking place in Houston, was announced today featuring entries from across the shale oil and gas supply chain. Categories for 2013 include the International Pioneer Award recognising the company which has made the most significant progress in Shale gas or oil outside of North America; the Technological Innovator Award recognizing the technological breakthrough of the year in Shale E&P; the Community
Governments and industry leaders meet in Houston at the World Shale Oil & Gas Su …
During the week of November 4 – 8, 2013, Houston will host senior government representatives and industry decision makers from across the globe at the 4th annual World Shale Oil & Gas Summit and Exhibition. With more than 50 guest speakers from countries including China, South Africa, Australia, the UK, Brazil, India, Turkey as well as the United States, discussions will focus on the latest developments in
Leaders from the Oil & Gas Industry set to participate in the Great Local Conten …
On 28th October, an international delegation of NOCs, Governments and key representatives from the global Oil & Gas community will gather in London to debate the key issues and solutions in implementing Local Content Strategies. Held under the Chatham House Rule, the 2013 NOCs & Government Summit will feature the much anticipated Great Local Content Debate. Led by Simbi Wabote, Contracting and Procurement Global Local Content Manager, Shell, the Great

All 5 Releases

More Releases for King

King of Prussia PA's Premier Concrete Company
COLONIAL CONCRETE: A Family Owned Concrete Company - Serving The KOP Area Since 1950 We service both: Contractors and "Do-It Yourselfers". Contractors - If a contractor is doing your job, he should know how to take the measurements, and do the math to figure out the quantity and strength of concrete needed for your particular job. Local governments may differ on the strength requirement and sometimes the base preparations so your
Waste King announces headquarters’ move
Waste King - a specialist collections, clearance and recycling company that focuses on providing a service which is highly environmentally friendly – is moving its headquarters from the Frogmore Industrial Estate at Two Waters, Hemel Hempstead, to the Old Ministry Airfield, in Cheddington. Waste King’s Operations Director, Andy Cattigan, explained: “For some time, Waste King has been experiencing a steady and continual increase in its customer base. With this has
Waste King rescues threatened snakes
Waste King, the specialist collections, clearance and recycling company, is becoming used to rescuing distressed livestock as part of its day-to-day activities. It has now added two grass snakes to its list which began, in August 2011, with ‘Colin’ a Giant African Land Snail. In the last few weeks, while helping a Watford-based customer clear garden rubbish, Waste King’s operatives came across two grass snakes – which had chosen to hibernate
Quality Content is King
Content is king” has been for years the mantra for getting rankings in Google and other search engines. For many SEO consultants, it was the cornerstone of their whole SEO campaign. The belief is that the more content a website has, brighter the chances of ranking high in search engine results. Another spinoff of this theory was that companies not only started putting up large number of pages on their
Waste King recycles High Street retailer’s batteries
The specialist collections, clearance and recycling company, Waste King, has won the contract to recycle heavy duty batteries from the IT systems of a major High Street retailer. Glenn Currie, Waste King’s managing director, said: “This particular retailer is renewing some of its systems. This means that it needs not only to dispose of these batteries but also needs this process to done completely in accordance with the current Hazardous Waste
Waste King recycles for charities
The specialist collections, clearance and recycling company, Waste King, has teamed up with the British Heart Foundation (BHF) and the Salvation Army in order to help other people’s waste materials benefit those in need. A few months ago, Waste King installed a recycling point for clothes and shoes at its premises in the Frogmore Industrial Estate in Hemel Hempstead – along with a BHF ‘book bank’, for used books. According to the