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FINANCIAL NEWS
Qatar’s exports to hit 23m tons per year by 2020
25 Nov 2013
(MENAFN) Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) says planned investments in Qatar’s chemical and petrochemical industry will further improve the country’s export portfolio to 23 million tons per year by 2020, from 10 million tons as of 2013, The Peninsula reported.
A release from Muntajat says that, as demand for chemicals and petrochemicals continue to grow, the Gulf petrochemicals industry continues to be the largest producer and exporter in the world, accounting for 11 percent of the USD600 billion global chemical and petrochemical market.
This year’s forum main theme and discussions revolved around the role of innovation and industry value chains in future growth strategies. Muntajat recently announced that it has chosen The Hague in The Netherlands as the location for its international marketing company, Muntajat BV, which plans to establish up to 36 offices in key markets worldwide and will have approximately 150 employees.
Since starting its operations in February, Muntajat has migrated the marketing, sales and distribution activities of 90 percent of chemicals, polymers and fertilizers produced in Qatar, and is on its way to complete the full migration soon.
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