The GPCA will be shining the spotlight on Indo-Arabian trade at the association’s annual forum on November 26th-28th 2018, at the Madinat Jumeirah, Dubai.
India Arabia
Two high-ranking ministerial officials will be speaking on the opening day of the event, which aims to highlight the changes in the chemical industry and the important role the industry is playing across the Middle East.
His Excellency Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Minister of Oil, Bahrain, and H.E. Raghavendra Rao, Secretary, Department of Chemicals and Petrochemicals, Government of India, will address some 2,000 senior industry leaders representing as many as 600 companies from nearly 50 at the 13th Annual GPCA Forum.
H.E. Raghavendra Rao will address the forum’s theme of “Executing Transformation and Investing in Growth”. He will provide depth and insight into global industrial opportunities in India, talk about regional growth prospects and outline the shift in customer preferences.
His addition to the forum agenda is especially significant as India is the second largest importer of GCC crude and accounts for at 16 per cent of total chemical exports from the region. This makes for the second largest share after China. It is also one of the world’s fastest growing markets for refining and chemical products and accounts for a significant share of the global demand.
In its role as a key producer globally of crude oil, chemicals and petroleum products, the Arabian Gulf region continues to play a pivotal role in India’s energy security. Several new strategic partnerships were announced between the two regions recently.
In June 2018, Saudi Aramco and ADNOC in consortium with three Indian oil companies committed to the development of a $44 billion mega-refinery and petrochemicals complex in Ratnagiri, India.
“The Arabian Gulf region enjoys a long-standing relationship with India– one that is founded upon strategic ties aimed at advancing the country’s economic and social prosperity,” said Dr Abdulwahab Al Sadoun, Secretary General of the GPCA. “As an important centre for chemicals and petrochemicals, a demand that is set to remain steady for the future, India remains an important market for GCC producers, offering significant opportunities for closer cooperation and partnerships in the chemicals industry.”
