Securities & Investment Company’s (SICO) research unit has launched a new bi-monthly product-“Petrochemicals Round Up”- to provide insights into one of the GCC region’s fastest growing and key industrial sectors. The region’s access to the world’s largest oil and gas reserves is fuelling investment in the regional petrochemical sector, with announced projects estimated at over $110 bn. As a result the region is expected to reinforce its position as key player in the industry. Regional producers are expected to account for 16% of the world’s ethylene production capacity by 2012, a basic petrochemical feedstock, from about 9% in 2007.

The full press release in English & Arabic can be downloaded here .