In a bid to meet rising domestic and regional demand, Bahrain is investing heavily in the production of plastic polymers. Annual plastics consumption growth in the Gulf region is expected to grow 22% by 2015, as per Press Trust of India.
Al Fajer, organisers of Arabplast 2013, said that a large number of Bahraini investors, including banks, manufacturers and funding companies, are investing into the rapidly growing GCC polymers industry. According to Satish Khanna, General Manager, Al Fajer Information and Services, Bahrain is increasing its share of production of petrochemicals which is becoming a key driver of the Kingdom's economy and which enhances its economy diversification drive. "Even though just 20% of the GCC petrochemical products are plastics, they account for 70% in terms of value. It had become a well known fact that the region will emerge as the second highest per-capita consumer of plastics in the world by 2020," Khanna said.