The 30 most admired companies in the GCC
Mon 01 May 2017 06:05 AM
Petrochem
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Petrochem

Industry: Industry

Country: United Arab Emirates

Petrochem Middle East is the largest independent chemical distributor in the Middle East, and fourteenth largest in the world.

Established in the UAE in 1995, its terminal in Dubai’s Jebel Ali Free Zone handles more than 180 variants of chemicals and also includes three dedicated jetty pipe lines, 23 bulk storage tanks for import and storage of products in bulk, with total storage capacity to 25,650 cubic metres. The terminal exports more than 700,000 metric tonnes of products to all the corners of the world.

Petrochem has offices across the UAE, India, China, Singapore, and Taiwan with associate office in UK, Belgium and Egypt.

In an interview with Arabian Business in 2015, managing director Yogesh Mehta said despite Dubai being its home base, Saudi Arabia, Egypt and India were the company’s largest markets.

“Dubai is a great city and the UAE is a land of opportunity — it made [Petrochem] what it is today,” Mehta said.

He has said the company is considering an initial public offering (IPO) in India by 2020.

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