H E Rumhi to inaugurate annual GPCA Forum in Dubai

Muscat - 

The Gulf Petrochemicals and Chemicals Association (GPCA) on Sunday announced that H E Dr Mohammed bin Hamad al Rumhi, Oman’s Minister of Oil and Gas will deliver the inaugural address at the 14th Annual GPCA Forum.

The forum is set to take place during December 3-5 at the Madinat Jumeirah in Dubai, GPCA said in a press statement.

Building on its reputation as the foremost petrochemicals and chemicals industry gathering in the Middle East, the conference programme includes a prestigious speaker line-up comprising senior industry leaders representing some of the world’s largest chemical firms, including Yousef al Benyan, CEO of Sabic and chairman of GPCA, who will present the opening remarks.

With the International Energy Agency’s (IEA) forecast that chemicals will be the largest force in global oil demand growth, investment in downstream chemical opportunities has increased dramatically and is projected to continue to grow steadily for the next decades to come.

The GCC is emerging as one of the leading regions globally in the production and export of chemicals, as regional players focus on formulating new and existing partnerships at home and abroad, investing in high growth markets, and building their critical mass to increase the industry’s competitiveness.

To be held under the theme ‘Winning through Strategic Partnerships’, the Annual GPCA Forum will shed light on US$14.2bn worth of mega projects and M&A deals that took place in the Arabian Gulf over the last 12 months, including the downstream integration of Oman Oil Company and Orpic, which is estimated to produce US$3bn in returns over its period of implementation.

Dr Abdulwahab al Sadoun, secretary general of GPCA said, “With change-making deals such as Saudi Aramco’s acquisition of a 70 per cent stake in Sabic, the Arabian Gulf region has dominated global headlines, making the Annual GPCA Forum the place to be this December to obtain first hand intelligence about the latest developments shaping global and regional markets, inform your business strategy and build long lasting strategic partnerships.”

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