Chapter 7. Middle East: Opportunities and Challenges from the Rapid Emergence of a Global Petrochemical Hub

  1. Dr. Florian Budde Director4,
  2. Prof. Dr. Utz-Hellmuth Felcht Chairman of the Board of Management (CEO)5 and
  3. Dr. Heiner Frankemölle Director6
  1. Christophe de Mahieu1,
  2. Dr. Christian Günther2 and
  3. Dr. Jens Riese3

Published Online: 7 FEB 2008

DOI: 10.1002/9783527612246.ch7

Value Creation: Strategies for the Chemical Industry, Second Edition

Value Creation: Strategies for the Chemical Industry, Second Edition

How to Cite

Mahieu, C. d., Günther, C. and Riese, J. (2005) Middle East: Opportunities and Challenges from the Rapid Emergence of a Global Petrochemical Hub, in Value Creation: Strategies for the Chemical Industry, Second Edition (eds F. Budde, U.-H. Felcht and H. Frankemölle), Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim, Germany. doi: 10.1002/9783527612246.ch7

Editor Information

  1. 4

    McKinsey & Company, Inc., Taunustor 2, 60311 Frankfurt/M., Germany

  2. 5

    Degussa AG, Bennigsenplatz 1, 40474 Düsseldorf, Germany

  3. 6

    McKinsey & Company, Inc., Magnusstrasse 11, 50672 Cologne, Germany

Author Information

  1. 1

    McKinsey & Company, Inc., 2903 Al Moosa Tower II, Sheikh Zayed Road, P.O. Box 335 38, Dubai, United Arab Emirates

  2. 2

    McKinsey & Company, Inc., Königsallee 60C, 40027 Düsseldorf, Germany

  3. 3

    McKinsey & Company, Inc., Prinzregentenstrasse 22, 80538 Munich, Germany

Publication History

  1. Published Online: 7 FEB 2008
  2. Published Print: 25 NOV 2005

ISBN Information

Print ISBN: 9783527312665

Online ISBN: 9783527612246

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Keywords:

  • chemical industry;
  • middle east;
  • rapid emergence;
  • global petrochemical hub;
  • turning to the east;
  • pathways to growth;
  • way forward for the west;
  • capturing the value

Summary

This chapter contains sections titled:

  • Turning to the East

    • Booming Demand in Asia-Pacific

    • High Input Costs Render Western Companies Uncompetitive

  • Pathways to Growth for the Middle East

    • Local Capacity Expansion

    • Portfolio Expansion and Forward Integration

    • Geographic Expansion

    • Hurdles to Overcome

  • Way Forward for the West

  • Capturing the Value

    • Business Intelligence

    • Microeconomic Rigor

    • Managing Risks and Uncertainties

    • Organizational Excellence

    • Execution

  • Conclusion

  • Summary