With their participation in the 15th edition of the Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum, DP World’s flagship Jebel Ali hub, including Jebel Ali Port and Jebel Ali Free Zone (Jafza), which play an important role in enabling the petrochemical sector in the UAE and the Middle East, will highlight the sector’s growth prospects and competitive offerings as reported by Trade Arabia.
Trade show
The event will take place in Dubai, United Arab Emirates, from December 7 to 9.
“For years, the UAE and the Middle East area have been recognised as a thriving petrochemical hub. Petrochemicals are essential for any industry, and petrochemicals are used in 95% of all produced goods, including electronics, furniture, appliances, textiles, and many other items. This makes it a significant economic driver, according to DP World.
According to industry research and consulting firm Precedence Research, the worldwide petrochemical market is predicted to increase at a CAGR of 5.1% between 2021 and 2030, according to Abdulla Bin Damithan, CEO and Managing Director, DP World UAE & Jafza.
The American Chemistry Council (ACC) predicts that global chemical output volume will increase by 3.9% in 2021. As a result, the industry is trending upward. The petrochemicals sector is also a key pillar of the UAE’s Industrial Strategy, dubbed “Operation 300bn,” which aims to boost GDP from Dh133 billion to Dh300 billion by 2031.
“We want to take advantage of critical trade shows like GPCA to accelerate this growth, which will benefit our existing partners with whom we have long-term relationships. It will also enable us to reach out to additional partners who will be able to benefit from our cutting-edge facilities in Jafza as well as our specialised petrochemical terminal in Jebel Ali Port to develop their operations.”
Comprehensive solutions
Enriching local and regional economies
According to DP World, the petrochemical sector is a vital industry cluster and an important aspect of the company’s growth plan. The combined capabilities of Jebel Ali Port and Jafza as an integrated hub with multimodal connections meet the industry’s broad demand on a local and worldwide level.
The petrochemicals cluster in Jafza covers 3.89 million square metres and is home to 563 enterprises from 70 nations. Trading commodities such as bitumen, plastics, organic chemicals, tanning/dying extracts, and others, India, Japan, China, South Korea, UAE, UAE, and Saudi Arabia are just a few of the main partners.
Jebel Ali Port provides all sectors of the petrochemical industry with comprehensive solutions. Tank terminals and warehousing, specialised warehousing of packed lubricants, fuels, and industrial chemicals, ISO tanks storage, and dangerous products warehouse are all examples of storage facilities. Order fulfilment, inventory management, picking, packaging & labelling, transportation management, customs clearance/brokerage, freight forwarding by land, sea, and air, hub/staging areas for containers, cargo modal conversion capabilities, tank cleaning and repairing, and other value-added services are also available.
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Source: Trade Arabia
