Schneider Electric: Big data eases economic downturn impact on GCC petchems
Since the first petrochemical joint venture in the Middle East in 1981, the industry has rapidly expanded with mega projects still underway, especially in Saudi Arabia, the UAE and Kuwait. The Gulf Cooperation Council (GCC) petrochemicals industry manufactured 136.2m tons (MT) of products in 2014 – 13% of global output – and generated $87.4bn in revenue, according to the Gulf Petrochemicals and Chemicals Association.