$50 million Gulf investments in the chemical fields

The total Gulf investments in the chemical and petrochemical industries are estimated at nearly $50 million.

A study made by Loaloa El-Masnad, the assistant secretary general for the Gulf organization for industrial consultation, recommended making a practical study for establishing a body that would combat dumping practices and remove the obstacles to marketing petrochemicals.

She emphasized the importance of Gulf coordination in this field, referring to the phenomenon of international mergers and its challenges to small producers in the fields of marketing and production, saying that the chemical and petroleum industries are among the most important fields, worth nearly $263 billion.