Petrochemicals: Saudi Arabia expected to account for 13 per cent of global suppy by 2009

Dr. Abdulwahab AlSadoun, the director general of the Energy Sector at the Saudi Arabian General Investment Authority, has said thatSaudi Arabia's petrochemicals industry now accounts for 7 per cent of the world's supply of basic and intermediary petrochemical products.

If the current growth continues that figure will reach 13 per cent by 2009. Capital investment in hydrocarbon sub-sectors in the Kingdom is forecast to reach $94.4 billion in the years 2004-2009.