The Middle East Industry

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As an increasing number of countries ban single-use plastics, waste remains a significant environmental issue – although a variety of initiatives promise to make emerging markets the focus of the global struggle against plastic waste.

Guided by the Vision 2030 strategy for diversification, rapid advancements are being made in Saudi industry, mining, logistics and renewable energy.

Indonesia has taken another step forward in its quest to become a leading electric vehicle (EV) player, with the world’s two largest producers of EV batteries recently announcing major projects in the country. However, the developments highlight the paradoxical centrality of carbon-intensive mining to EV production, despite hopes that the EV production process could be further decarbonised.

COP26 has focused the world’s attention on the need for a more sustainable economic model that ensures profits and growth are not achieved at the expense of ecological health and social well-being.

How has the GCC petrochemical industry been affected by the Covid-19 pandemic?

The global automotive industry took a significant hit last year on the back of a Covid-19-related slump in activity. However, a more positive global outlook is set to boost demand, boding well for automotive manufacturers in emerging markets.

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