Home / Knowledge / News / Textiles / Dow presents vision for Middle East innovation at GPCA
Dow presents vision for Middle East innovation at GPCA
27
Nov '13
To move ahead and increase its competitiveness, the Middle East region should work to create an entire manufacturing ecosystem and drive innovation from within, according to Jim Fitterling, executive vice president, The Dow Chemical Company (Dow).

Fitterling presented the keynote speech at the 8th Annual Gulf Petrochemicals & Chemicals Association (GPCA) Forum in Dubai, which hosted more than 1,700 industry professionals to discuss the trends impacting the industry.

Fitterling discussed the evolving petrochemical landscape in the Middle East and the need to embrace manufacturing as a central economic driver, working hand-in-hand with innovation-led strategies to diversify an economy that has been traditionally dependent on oil & gas revenues.

“All of us who are committed to this region – and that includes Dow – must be, first and foremost, innovative in our thinking and our approach to the world,” Fitterling said. “This is not just about steel in the ground.

"This is not just about building downstream. It is not just about capturing foreign investments. It is about adapting and directing the region’s emerging manufacturing economy to what the world wants and needs. In short, it is about using a market-first mentality to dictate our investments and growth.”

Fitterling cited Dow’s joint venture with Saudi Aramco, Sadara Chemical Company (Sadara), as an example of this market-led approach. The new Sadara complex, currently under construction in Saudi Arabia, will represent the largest petrochemical facility ever built in a single phase and employ around 7,000 people once operational.

It will produce 3.2 million tons of performance, value-added chemicals and plastics; a supply that will help to address the growing demand from the emerging Asian markets, as well as across the Middle East and Africa.

“Sadara is the ultimate proof point that the region has more to offer than simple hydrocarbons,” Fitterling said. “Using a demand-driven strategy and close collaboration with our partners in the region, we’ve redefined innovation when it comes to establishing a world-class, competitive manufacturing base. We believe Sadara is a solid step in moving the entire region into a new stage of economic growth and stability.”

Sadara is also a strong example of another key factor that Fitterling cites as vital to economic growth and sustainability in the region: public-private partnerships. Bringing together the influence and facilitation powers of public entities, together with the niche expertise and experience of private enterprises, these collaborations can work to deliver mutually beneficial results that impact at an economic, environmental and social level.

During his speech, Fitterling also stressed the need for additional focus on education with an emphasis on building the region’s science, technology, engineering and math skills. Such focus would align education investments with the emerging needs of the private sector and develop the much-needed critical mass of skilled workers.

Fitterling concluded: “All of us need to embrace manufacturing, adopt a more market-driven mentality and usher in a new era of public-private partnerships. Together these will drive the region’s economy – and our industry – forward. They will spur real technical innovation at home. They will attract investments from abroad. And they will help create the domestic markets right here in the Middle East.”

Dow


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Cotton price increase is not sustainable: ITF

Textiles | On 11th Dec 2017

Cotton price increase is not sustainable: ITF

The increase in cotton price seen last week is only a short-term...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search