German Petrochemistry Delegation 2021
German Delegation in Saudi Arabia and Bahrain
The German business delegation comes at the right time as both markets offer numerous business opportunities. With the Vision 2030, Saudi Arabia has embarked on an economic transformation and diversification process. The Petrochemical sector remains vital for the Kingdom’s Vision 2030, aiming to double the size of the sector. Petrochemicals make 60% of the Kingdom´s non-oil export. Within the transformation a strong, technology and know-how driven downstream sectors is developed. As the Kingdom is setting up a circular carbon economy, sustainable chemicals are also in the focus offering business opportunities for German companies. Just to mention a few opportunities, several German companies are already in cooperation with Saudi Acrylic Polymers Company (SAPCo) or with Saudi Chemical Company (Sadara).
The neighboring country Bahrain is often used as a hub for Saudi Arabia ´s Eastern Region. However, the country also offers opportunities, especially for German SME companies. The country is developing its petrochemical production base, increasing natural gas production, and a large potential offshore oil and gas discovery in the Khaleej Al Bahrain basin. Bahrain Petroleum Company's (Bapco) modernization program benefits the downstream and manufacturing, as well as the Gulf Petrochemical Industries Company (GPIC) which was established in December 1979.
We are looking forward to an interesting exchange and bilateral meetings with the representatives of the German companies and relevant Saudi and Bahraini institutions, enhancing the bilateral business relationship between the countries.