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Saudi Arabia possesses 70% of Arab Petrochemical industries

Saudi Arabia possesses 70% of Arab Petrochemical industries
12 May

Riyadh-Report:
A report issued by Arab Industrial Development and Mining Organization "AIDMO" stated that 70% of Arab Petrochemical industries are in Saudi Arabia. It is due to availability of Natural gas and low costs of its transportation, the Report pointed out.
On the other hand, the report said that the Kingdom Produces about 7% of basic Petrochemical products which represent about 70% of what the Gulf Countries produce.

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