Muscat: Silver Star Corporation will organise the fourth international Plastics, Rubber, Petrochemicals, Printing and Packaging industry exhibition—Oman Plast 2017—at the Oman Convention and Exhibition Centre between March 21 and 23.
Hilal bin Hamad Al Hasani, chief executive officer of the Public Establishment for Industrial Estates (PEIE), will formally inaugurate the fourth Oman Plast at 10 am on March 21 in the presence of diplomats, government officials, businessmen and people from the different walks of life.
During its fourth edition, Oman Plast will showcase the latest technology and machineries used in the manufacturing of plastics, rubber, petrochemicals, printing and packaging. It will be an ideal platform for Oman and its neighbouring countries to source new technology and products through this knowledge forum. As the petrochemical industry is one of the main components of the Omani economy, the event will give great impetus to further diversifying its growth.
In fact, the plastics industry has seen sustained growth in the region as Middle East and African markets are expected to deliver noteworthy gains right up to 2018. An annual growth rate of around 30 per cent has been projected. This region is emerging as a leading global plastic production resin hub with capacities expected to double in the coming years.
Polyethylene production capacities in the Gulf region will increase from 10.7 million tonnes in 2009 to 21.5 million tonnes by 2018, reflecting an increase of slightly over 100 percent. Likewise, the production capacities of polypropylene will jump from 4.8 million tonnes in 2009 to 9.5 million tonnes by year 2018, indicating a 98 percent surge.
The Middle East remains the largest source of plastic raw materials; up to 16 per cent of the region's abundant petroleum supply that is not used for energy production is converted into other materials, such as plastic products. While sustaining growth in the plastic industry is of prime importance, Oman has made sure it maintains a green outlook.
P D Nath, managing director, Silver Star, explained that the fourth Oman Plast is perfectly timed for the continuing boom in Oman’s plastics, rubber, packaging and petrochemical industry. “This event will offer a perfect gateway to reach this highly potential market and will provide excellent business opportunities and new collaborations,”he added. The participating countries are China, India, Italy, Oman, Qatar, Saudi Arabia, Taiwan, the United Arab Emirates and the United States.
Silver Star is one of the leading organisers of large-scale exhibitions and an event management company in Oman and has organised quite a lot of exhibitions across the country and outside.
The exhibition will take place between 10am to 6pm on all three days and is exclusively for traders and businessmen. Entry for children below 15 years is not allowed.