Saudi Arabia Plastic Tenders

The Saudi Arabia Plastic and Rubber market is booming, with a projected value of USD 6.24 billion in 2023 and a CAGR of 2.85% for the next five years. This growth is driven by factors such as population increase, rising disposable incomes, and government initiatives focusing on industrial diversification.

The Saudi Arabian government is a major player in the Plastic and Rubber market, with significant procurement spending in sectors like infrastructure, construction, healthcare, and defense. This translates to lucrative opportunities for both local and international companies.

The main Plastic and Rubber products and services procured by the government include:
Plastic pipes and fittings: Used in water supply, irrigation systems, and construction projects.
Rubber tires and tubes: Essential for vehicles in government fleets and public transportation.
Medical and pharmaceutical rubber products: Used in hospitals and clinics for gloves, syringes, and other medical equipment.
Personal protective equipment (PPE): Vital for maintaining safety standards in various industries.

Several key authorities oversee Plastic and Rubber procurement in Saudi Arabia:
Ministry of Industry and Mineral Resources: Responsible for developing and implementing policies for the industrial sector, including plastics and rubber.
Saudi Industrial Development Fund (SIDF): Provides financial assistance to manufacturing companies, including those in the plastics and rubber sector.
Saudi Standards, Metrology and Quality Organization (SASO): Sets standards and regulations for products and services, including those related to plastics and rubber.

Several prominent companies have emerged as top winners in recent Saudi Arabia Plastic and Rubber procurement tenders:
SABIC: A leading Saudi Arabian petrochemical giant with a strong presence in plastics and rubber manufacturing.
Sipchem: Another major Saudi Arabian petrochemical company with a diverse portfolio of plastic and rubber products.
Gulf Rubber Factory (GRF): A leading manufacturer of rubber tires and tubes in the Middle East.

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