Saudi Arabia dominates GCC chemicals output: S&P Global

RIYADH: Chemical companies in the Gulf Cooperation Council, particularly Saudi Arabia, are outperforming their European rivals due to low prices for feedstock, long-term security of supply, and solid customer and shareholder bases, S&P Global said in a report.

It said the Kingdom dominates the GCC chemicals output, with companies based in Saudi Arabia accounting for 75 percent to 80 percent of the region’s total chemical sales by value.