Gulf Cooperation Council (GCC) continues to attract new investments

The chemicals industry of the Gulf Cooperation Council (GCC) will continue to attract new investments as the region explores more downstream value opportunities in the midst of continued oil price volatility and as benefits from cheap feedstocks facilitate.

According to estimates by the Gulf Petrochemicals and Chemicals Association (GPCA), GCC chemical investments in the first 10 months of 2019 exceeded $140 billion through joint ven....