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Khalid Al-Falih, president and CEO of Saudi Aramco

GPCA ’14: GCC needs to develop SMEs in petrochemical industry: Aramco

DUBAI (ICIS)--The Gulf Cooperation Council (GCC) petrochemicals industry needs to expand small and medium enterprises (SMEs) on the same lines as in the US and Europe because it offers great opportunity for growth, a top Saudi Aramco executive said on Monday.

“We have tended to grow horizontally rather than through vertical integration, and while primary petrochemical capacity has grown admirably, the strengthening of functional capabilities has tended to lag,” said Khalid Al-Falih, President and CEO of Saudi Aramco.

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MIDDLE EAST / AFRICA

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