Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GPCA to host inaugural ResearchInnovation Summit  Join our daily free Newsletter

MENAFN Press - 05/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) With technology and innovation identified as the key drivers of future growth across the petrochemicals industry, the Gulf Petrochemicals & Chemicals Association (GPCA), the region's longest-standing trade association, will host the inaugural Research & Innovation Summit in Dubai in March.



The Research & Innovation Summit will provide a regional platform on which to highlight and advocate the crucial need for the GCC's petrochemical industry to focus on the innovations and technological development that are critical for sector growth. With the petrochemicals industry currently the second largest manufacturing sector in the Gulf, representing 2.9% of the manufacturing sector's contribution to the GDP, the opportunities for growth are vast



"Today, the GCC petrochemicals sector is developing in a stable and successful manner. However, as this is a highly technical industry, GCC petrochemical producers must focus on research and innovation in order to stay relevant in an increasingly competitive global market," said Dr. Abdulwahab Al Sadoun, Secretary General, GPCA



"In the global context, China is the ideal example of a petrochemicals market that invests in R&D technologies that result in tangible gains," notes Dr. Sadoun.



In 2012, the Gulf's petrochemical producers invested just US380 million on research and development, representing less than 1% of global spending in R&D for the year.



In comparison, China's petrochemical industry was the third largest investor in R&D after the EU and the United States of America in the same year, spending an estimated US10.2 billion. In the same period, petrochemicals output in China hit US1.4 trillion, representing 28.8% of global chemicals output.



"While the EU and US spend more on petrochemical research, China has managed to invest in research in a way that helps industry growth and significantly boost output," said Dr. Sadoun. "We in the Gulf should use this as an example of how not only to finance research, but to invest in research that yields considerable business growth."



The need for research will be a key focus of discussion at the Research & Innovation Summit, with experts from Borealis, McKinsey and Sipchem providing insights on the subject.



"The Research & Innovation Summit will provide a platform for stakeholders from the industry, academia and government to discuss ways in which to transform ideas from the laboratory into the field," said Dr. Sadoun.



The Research and Innovation Summit will be held from March 12-13 at the Ritz Carlton, DIFC.

For more information, please visit www.gpcaresearch.com/2014/


About the Gulf Petrochemicals & Chemicals Association
The Gulf Petrochemicals and Chemicals Association (GPCA) is the voice of the industry in the region. Established as a non-profit organization in March 2006, it is the first trade association in the Gulf and the largest and most respected industry body representing the downstream sector in the Middle East. Today, the association has 232 members from over 30 countries, including the largest Arab world and multinational companies.Committed to providing a regional forum where stakeholders from across the industry share insights, solutions and new ideas, the GPCA has six working committees “ Plastics, Supply Chain, Fertilizers, International Trade, Research and Innovation, and Responsible Care “ and organizes six world-class events each year. The association also publishes an annual report and a regular industry newsletter, Insight and reports. Since its inception, the GPCA has raised the standard for industry-wide cooperation and continues to promote the region and its interests in the international policymaking sphere. Additional information is available at www.gpca.org.ae and the GPCA can also be found on Facebook and Twitter.

 


MENAFN Press




  MENA News Headlines
 Sep 23 2014 - Real Estate Transactions Worth over QR660 Million Last WeekQatar News Agency
(MENAFN - QNA) Real estate transactions between September 14 and 18 for the real estate sales contracts registered at the Ministry of justice are worth QR660,849,178, the real estate registration ...

 Sep 23 2014 - White House Intruder Raises Questions of Failures of US Secret ServiceQatar News Agency
(MENAFN - QNA) Questions are being raised in the US Congress and in the public about the failures of the US Secret Service to stop a man carrying a concealed knife from climbing over a fence and ...

 Sep 23 2014 - Saudi Arabia Seeks UN Resolution to End Israeli OccupationQatar News Agency
(MENAFN - QNA) The Kingdom of Saudi Arabia vowed today that it's time to seek a UN Security Council resolution to set a timetable to end the Israeli occupation of Palestinian territories and achieve ...

 Sep 23 2014 - Qatar to Host 13th UN Congress on Crime Prevention and Criminal JusticeQatar News Agency
(MENAFN - QNA) The government of the State of Qatar and the United Nations Office on Drugs and Crime (UNODC) signed here Monday an agreement for hosting the 13th UN Congress on Crime Prevention and ...

 Sep 23 2014 - Vice Chairman of Hungarian Investment Promotion Agency Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Vice Chairman of Hungarian Investment Promotion Agency Bettina Hruby met with HE Qatar's Ambassador to Hungary Abdullah Hussein Al Jaber. During the meeting, they reviewed bilateral ...

 Sep 23 2014 - French Premier Says 'No Negotiation' With AbductorsQatar News Agency
(MENAFN - QNA) French Prime Minister Manuel Valls Tuesday said there would be "no discussion, no negotiation" with an Algerian group that has abducted a French citizen. The Prime Minister told ...

 Sep 23 2014 - Turkey to expand trade with SharjahMENAFN
(MENAFN) A delegation of Independent Industrialists and Businessmen Association (MUSIAD) from Turkey held a meeting with the director of Hamiryah Free Zone Authority (HFZA) and Sharjah Airport Free ...

 Sep 23 2014 - Lebanese Soldier Killed in Gunfire Attack in TripoliQatar News Agency
(MENAFN - QNA) A Lebanese soldier was killed and two other soldiers wounded on Tuesday morning when an unidentified car opened fire on the Lebanese Army's barracks in al-Beddawi near the northern ...

 Sep 23 2014 - Saudi flag unfurled on world's tallest flagpoleArab News
(MENAFN - Arab News) Jeddah municipality will today hoist a giant Saudi flag onto the world's tallest flagpole to mark the country's 84th National Day.The pole is 170 meters high while the flag is ...

 Sep 23 2014 - Killing of Saudi hostage taker under probeArab News
(MENAFN - Arab News) The Saudi Embassy in Kuwait City said Monday that it was following up the killing of a Saudi citizen who had taken his family hostage at gun point in an exchange of fire with ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help