Economic sustainability

The GCC chemical industry plays a vital role in advancing economic sustainability across the region. Through strategic investments in infrastructure, innovation, and workforce development, the industry drives long-term growth while supporting diversification.

SME empowerment, localization programs, and infrastructure investments

Impact in action

Global trade impact

In 2023, the GCC chemical industry exported 74.8 million tons of products, underscoring its substantial influence on global trade. With exports reaching 170 countries worldwide, the region maintains strong trade relationships with key partners such as China, India, and Europe, its top three export destinations.

Strategically positioned at the crossroads of major trade routes, the GCC plays a pivotal role in global value chains. Its crucial role in supplying essential chemicals and raw materials makes it a cornerstone of international manufacturing and industrial ecosystems.

The GCC’s chemical industry global market influence

Investment and R&I initiatives

The GCC chemical industry is on a bold path toward sustainable economic growth, powered by strategic investments in research and innovation. In 2023, the industry invested USD 2.6 billion in capital projects, signalling a strong commitment to progress and modernization. An additional 30.6 billion in capital investments is planned between 2024 and 2028, underscoring the region’s long-term vision for industrial advancement.

The GCC is home to 29 in-region R&D centers, reflecting a robust infrastructure for scientific and technological development. An additional 28 overseas R&D centers extend the region’s innovation footprint globally, with eight in Asia, nine in North America, and 11 in Europe. In 2023 alone, USD 429 million was invested in R&D, reinforcing the industry’s dedication to pioneering solutions and enhancing competitiveness.

Investments in sustainable growth

Job creation and national employment

The GCC chemical industry recognizes that workforce development and job creation are fundamental pillars of sustainable economic growth. By investing in talent attraction—particularly for specialized and technical roles—the industry ensures it has the skilled workforce needed to drive innovation, maintain global competitiveness, and support long-term industrial resilience.

Building human capital is not just a strategic priority; it’s a commitment to empowering communities and fostering inclusive prosperity across the region.