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UAE’s Minister of Energy set to deliver keynote speech at 10th GPCA Annual Forum

Dubai, United Arab Emirates; July 26, 2015: His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei, Minister of Energy for the United Arab Emirates, will deliver the inaugural address at the upcoming Annual GPCA Forum taking place 17-19 November in Dubai, UAE. The 10th anniversary edition of the Forum, the flagship event of the Gulf Petrochemicals and Chemicals Association (GPCA), will be held under the theme ‘Building on Achievements: Enabling Continued Success in the Change Chemical Landscape’.

“The United Arab Emirates has grown into a nation with an open business mindset as a part of its identity, which is evident in the government’s drive to diversify its revenue streams to include industries, products and services that create high value,” said Dr. Abdulwahab Al- Sadoun. “To host the UAE Minister of Energy at the 10th Annual GPCA Forum is therefore a demonstration of the leadership’s continued focus to support the development of a dynamic hydrocarbon downstream sector. And as a leader from an influential OPEC country, His Excellency Al Mazrouei will no doubt have unique insights on going energy and economic developments.” H.E Al  Mazrouei also chairs two major international petrochemical companies, Borealis and NOVA Chemicals.

According to GPCA research, the UAE currently operates a petrochemical portfolio consisting of 10.5 million tons of capacity, the export- oriented sector earned up to US$7.4 billion in revenues, through the sales of products like plastic and fertilizers.

His Excellency Abdullatif A. Al-Othman, Governor & Chairman of the Board of Directors, Saudi Arabian General Investment Authority (SAGIA) will deliver this year’s opening address. Other notable industry leaders that have confirmed participation include Rashed Saud Al Shamsi, Chairman GPCA and Petrochemicals Director, ADNOC; Yousef Al-Benyan, Vice Chairman, GPCA and Acting Vice-Chairman and Chief Executive Officer, SABIC; Nizar. M. Al-Adsani, Deputy Chairman & Chief Executive Officer, Kuwait Petroleum Corporation and Neil Chapman, President, ExxonMobil Chemical.

“As the second largest manufacturing industry in the GCC, the petrochemicals industry remains one that is poised to bring in greater returns, create jobs and help in building a knowledge economy. Collaborative discussions between multiple stakeholders, like those at the Annual Forum, will be crucial in charting the way forward, so that the downstream sector can fulfill its growth potential, now and in the future.”

Previous inaugural speakers at the GPCA Annual Forums have included Saudi Minster of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi, His Royal Highness Prince Abdulaziz bin Salman Bin Abdulaziz, Saudi Arabia’s Deputy Minister of Petroleum and Mineral Resources; His Excellency Dr. Mohammed Saleh Abdulla Al- Sada, Minister of Energy and Industry of Qatar; Her Excellency Sheikha Lubna bint Khalid Al Qasimi, UAE Minister of International Cooperation and Development; and Dr. Rashid Bin Fahad, UAE Minster of Environment & Water.

Over the past decade, the Annual GPCA Forum has not only become a key feature in the global chemical industry agenda, but also a crucial knowledge sharing and networking platform for the region’s and global industry members and stakeholders. In 2014 the event broke all attendance records, attracting over 2,000 attendees from 42 countries.

For more information, please visit www.gpcaforum.net

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