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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
Email: esofat@thecwcgroup.com

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