Chemical firms strategically position themselves in Middle East, Africa

04/6/2010 | ICIS Chemical Business (U.K.)

Chemical and coatings producers, including Huntsman, BASF and Bayer, are aligning their investments in the Middle East to capture market growth led by Saudi Arabia and the United Arab Emirates. Construction is booming in the region as Saudi Arabia plans six industrial cities and the UAE plans to build the carbon-neutral Masdar City in Abu Dhabi. Markets in North Africa are also expected to grow. However, Saudi Arabia still tops the market, as the country's demand for paint is nearly 900,000 metric tons.

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ICIS Chemical Business (U.K.)

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