Local governments in the Middle East are showing mounting interest in converting polymers into products for export and local consumption to meet growing domestic demand.
UAE, a net importer of most plastics products, weighed down by a weakening dollar, faces double-digit inflation, amid a massive construction boom. A United Arab Emirates (UAE) quasi-governmental agency plans to set up a 4.1 sq km Polymer Park which will include room for 60 plastics processors, a technical center and a 350,000 sq mtr business park. Construction on the site will be completed by the end of the year, with operations commencing in Q1-2009. Processors will manufacturer products mainly for domestic consumption, including pipe, wire and cable, geomembrane films and rotomolded and blowmolded tanks.
The 2030 UAE master plan calls for the investment of US$175 bln in industrial development in the next 10 years, with a new port planned for 2010/2011