2013's most powerful Indians in energy and industry
Yogesh Mehta, managing director, Petrochem ME --- There was no missing Yogesh Mehta in the past year, with his profile shooting up thanks to a starring role on “The Entrepreneur” reality TV show. He came to Dubai at the age of 29 with no job, no plan and no future. Last year his company took over spectacular new offices in Jumeirah Lakes Towers. Things have turned out pretty well: Petrochem Middle East FZE was established in 1995 in the free zone of Jebel Ali in Dubai and has its own state-of-the-art storage terminal for bulk and drum chemicals. Established as a partnership with Petrochem UK, the company has grown from strength to strength and has become one of the largest independent petrochemical distributors in the Middle East.
The small kingdom is among the most economically vulnerable of the GCC states, with high debt levels, low reserves and slow GDP growth. But it has identified jewels in its accelerating non-oil economy that will help it forge a new path for the future.