Petrochemicals Industries:

Petrochemical plants are among the most important economic facilities in producing numerous organic and inorganic chemical compounds used in multi-purpose aspects and needs in various walks of life. Such materials are further used in producing raw materials needed to meet the demands of local markets.

Strategic Importance:

Petrochemicals importance lies in the following:

• Transferring of modern technology and establishing a technologically developed solid industrial ground;

• Capacity building and scientific training of cadre capable of   contributing in the process ofdevelopment and progress;

• Putting an end to unemployment through generating job opportunities to manpower specialized in this arena;

• Optimizing Yemen’s mineral and hydrocarbon resources and making use of manufacturing instead of exporting such raw materials.

The Factors of Making Petrochemicals Industries Successful:

The success of petrochemicals industries may be attributed to 

• That the strategic, scientific and economic importance of these industries lies in realizing them as economic alternatives and in optimizing oil, gas and mineral resources;

• That the important characteristics of an industrial society shall be clearly revealed in order to have one in Yemen; this would assist in selecting and defining the type of products in accordance with the needs of transformational factories currently existing in Yemen;

• That services ought to be offered to other economic activities like agriculture and its need of various sorts of fertilizers;

• That Yemen’s historic heritage and strategic location ought to be utilized.

• That Yemeni market needs ought to be met.

Actually, such factors play a key role in enhancing the establishment of commercial and investment industrial projects. Such projects rely on local raw materials, which give positive indicators for attracting local, Arab and foreign capitals and investment inflow.