Saudi Arabia hosts first international conference on financing petrochemical industries

A conference for developing and financing petrochemical studies in Saudi Arabia will be convened in the industrial city of al-Jubail in eastern Saudi Arabia.

This is the first international Saudi conference to discuss developing the petrochemical industry sector and the needed programs to finance it.

Saudi officials from the private and the public sector including ministers of finance, industry, electricity, and petroleum will participate in the conference as well as the organization for al-Jubail, Sabic, Aramco (Saudi companies) and experts from the Middle East, the United States, Europe, Southeast Asia and Japan.

The conference will hold sessions to discuss some of the main issues, among which are the position of the international petrochemical market, the effect of Asia's economic crisis in petrochemical industries, and the future of petrochemical industries in Saudi Arabia.