Mideast: Diversification is the Name of the Game

Chemical companies in Gulf Cooperation Council (GCC) countries, encouraged by their governments to create employment and add value to their increasingly limited raw material resources, are in the full swing of diversifying their portfolios away from basic petrochemicals toward downstream products and processing industries. Advantaged raw materials, together with large and modern production facilities, geographical proximity to the burgeoning Asian market, and growing domestic demand make the GCC countries attractive places to invest in downstream sectors. Al...

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