With “101. 4 billion dollars,” Saudi Arabia has reserved five centres on the list of the 100 largest petrochemical firms in the world. Saudi enterprises are the only other company from the Arab or Gulf region.
The market value of the 100 largest petrochemical businesses today, Monday, was estimated to be $1.38 trillion according to the monitoring of the reporting unit in the Saudi newspaper “Al-Iqtisadiya.”
The five Saudi corporations made up 4 billion dollars for Saudi enterprises, or 7.3% of the value of the top 100 companies.
And among the ten largest petrochemical corporations in the world are certain Saudi firms, one of which, SABIC, is ranked second with a market value of $73.8 billion.
While the other four businesses were among the 53 businesses with adults, Specim placed 42nd with a market value of $8.
4 billion dollars, then it flows in the 44th place with a market value of 7. 2 billion dollars, and Petrorapag in the 47th place with a market value of 6. 4 billion dollars, then the Saudi entity company in the ranking Market value number 53 is $7.7 billion.
In order to achieve ambitious economic returns for the Kingdom by 2030, Saudi Arabia heavily relies on the petrochemical sector within the national industry strategy, which seeks investment opportunities of one trillion riyals, including: doubling the industrial GDP by approximately three times, and doubling the value of industrial exports to reach 557 billion riyals (the dollar) (the dollar Equal 3. 76 riyals).
The National Industry Strategy also aims to boost exports of sophisticated technical goods by nearly six times, create tens of thousands of high-value quality functions, and bring the total value of new investments in the sector to 1. 3 trillion riyals.
In terms of the number of firms among the ten adults, Germany emerged in first place with three companies, followed by the United States with two companies and the United Kingdom, Saudi Arabia, France, China, and Japan with one each.
Five Saudi firms are among the top 100 petrochemical producers worldwide.
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