Kingdom's Downstream Sector to Be More Vibrant
Total Page:16
File Type:pdf, Size:1020Kb
Look for Opportunities in Kingdom Records Flat Oil Market Shows Steady Kingdom’s Banks Maintain Challenges Deposits, But Higher Credit Outlook Good Credit level INSIDE 20 40 48 FOCUS30 Saudi Commerce AND ECONOMIC REVIEW ISSUE 236 • d e c e m b e r 2013 • y o u r w i n d o w o f opportunity i n t o s a u d i a r a b i a a n d t h e g u l f • s r 20 Kingdom’s Downstream Sector to be More Vibrant The 4th International Officially Supported by the Ministry of Transport, Kingdom of Saudi Arabia Exhibition & Conference www.sauditranstec.com TRANSPORTATION, MATERIALS HANDLING, WAREHOUSING & LOGISTICS 9-11 December 2013 Dhahran International Exhibitions Center, Dammam, Kingdom of Saudi Arabia ORGANISERS L O K R F O M S S K’ B M C D, B H C O G C INSIDE FOCUS FUSION BOND EPOXY ahqsons.com ¡9&n | ¹¢ WATE-KOTE H0Y ;/ ; ;/ ;¡9& Saudi Commerce ;H2 ;¡9& ¡9&n £F& ¡F* AND ECONOMIC REVIEW ;H2 ;¡9& W :>A@?GHE;I?=>>F.4<ABC ' ISSUE236 %&$&.#&32013 :0638*/%080'0110356/*5:*/504"6%*"3"#*""/%5)&(6-' 4320 t t t ;H ;H2 24' D9G'!G0&# SAUDI COMMERCE AND ECONOMIC REVIEW – ISSUE # 236 – " ;3H% £F& &! & 1.! W " ;H Kingdom’s Downstream .' .8 (!&$8 3 ;3H% Sector to be Vibrant Contents # 5. ./5! 6!"!*&# ¡9&n 7!& .' . 6&$1&# .2.,& )4&%!5.& D 5 & ECEM B ER 6 .6,8 2013 – SR20 -" .8 6" .7 3 2 5'& 2 !.08 2&# COVER FEATURE 6&$!+&-&%5 H3 ·9(/ U £ AL-QAHTANI !* '& . PIPE COATING INDUSTRIES 7!3 5'& !& Tariq A.H. AL Qahtani & Bros. ǝſȚǞųȘȶǠȮȮſƾƭƇƲŽȚȸȢƾȮȮƷŽȚNjȮȮƃŸȰȤƾŶ »Y01¸£¹¡[-¹ ¡F* !5"0 »Y01¸£¹¡[-¹ z 22 " # H0Y -48 11.! ¶ ¹¢ Kingdom of Saudi Arabia ;¡Y*!;3H*;./00 $# $ " # P. O. Box 1980 Dammam 31441 31441¶9F1980§ ; ! Tel (03) 857 5400 | (03) 857 4150 Fax (03) 857 2255 [email protected] [email protected](03) 857 2255J9(03) 857 4150 |(03) 857 5400R9 U.S.A. Office | Houston W Y3 |;3.HCF09nY:. ± 15.2 411.! { Tel 001 713 781 0366 Fax 001 713 811 344 [email protected] [email protected] 713 811 344J9001 713 781 0366R9 No. 236 – December 2013 P. O. Box 719, Dammam 31421 Kingdom of Saudi Arabia Tel: +966-3-8598174 Fax: +966-3-8570607 E-mail: [email protected] Kingdom’s Editor-in-Chief Downstream Irfan Iqbal Khan Sector to be Saudi Commerce & Economic Review is a monthly magazine published by Asharqia More Vibrant Chamber, Dammam, Saudi Arabia. Subscription rates (Annual) REGULAR FEATURES In Saudi Arabia SR240 Other countries US$100 06 Trade Enquiries FOCUS30 (or its equivalent) 08 Events Kingdom’s Banks For advertising contact: 09 Comment Maintain Good Marketing Dept. Tel: +966-3-8598166 Fax: +966-3-8570607 10 Chamber Spotlight Credit level E-mail: [email protected] 2013 ER 12 News Round Up B EM ISSN: 1319 - 4623 C 16 Regional News DE Articles appearing in this magazine may be reproduced, provided the source is 19 Quotes of the Month 236/ UE acknowledged. ss I / Articles and research papers published in this 44 Report EVIEW R magazine reflect the personal views of their C 46 Projects Update authors, and not necessarily those of the ONOMI C magazine. 55 Oil in Perspective E AND E C Designed by 56 New Products & Technology J Menon, www.grantha.com OMMER 59 Contracts C Printed by AUDI S Altraiki Printing Company – Fax: 966-3-8471412 60 Tenders 4 INTERVIEW20 Look for Opportunities in Challenges CHAIRMAN Abdulrahman R. Al Rashed VI C E -CHAIRMEN Abdullah H. Al Ammar Fahad A. Al Shureia BOARD MEM B ER S Abdul Hadi H. Al Zoubi Abdullah A. Almajdouie Abdullah M. Al Zamil Faisal S. Al Quraishi Ghassan A. Al Nemer Ms. Hana A. Al Zuhair Hassan M. Al Zahrani Ibrahim M. Al Jomaih Khalid M. Al Ammar SPECIAL REPORT SPECIAL REPORT Ghadran S. Al Ghamdi 40 48 Mohammad S. Al Farraj Kingdom Records Oil Market Shows Nasser S. Al Hajri Flat Deposits, But Steady Outlook Saleh A. Al Sayed Salman M. Al Jishi S Higher Credit Ms. Samira A. Al Suwaigh AUDI C OMMER SE C RETARY GENERAL C E Abdul Rahman A. Al Wabel AND E C ONOMI Ass T . SE C RETARY GENERAL C R Public Relations & Media; Editorial Supervisor EVIEW Engr. Abdul Rahman F. Al Homiyn / I ss UE 236/ DE C EM B ER 2013 P. O. Box 719, Dammam 31421, Kingdom of Saudi Arabia 5 http://www.chamber.org.sa PRODUCTS: 100% cotton and Tel: 91-591-2430031. Email: polycotton fabrics (gray dyed and [email protected] UIRIES printed) Q PRODUCTS: Food products Contact: Mr. Abdur Razzaq Khan, EN ENQUIRIES Contact: Mr. Kartik V. Tanna, Export Manager, Irfani International, Director, Tanna Commercial Pvt. 203-R.B., Malikpur Road, Factory Ltd., Mumbai, India. Tel: 91-22- Area, Kashmir Road, Faisalabad, trade TRADE 2590-0088, 91-22-2590-0099, 91- Pakistan. Tel: 92-41-8751206, 22-2790 4790. Mobile: 91-99699- 92-41- 8757234. Fax: 92-41-8850081. 22227. Email: info@tanna- TRADE ENQUIRIES Email: [email protected]. Website: commercials.com www.irfani.biz Readers interested in these business oers may respond directly to the parties concerned. Saudi PRODUCTS: Vehicle tires Commerce does not assume responsibility for their INDIA Contact: Mr. Anup Kumar, Aadhi credentials. Tech, Flat No. 504, 5th Floor, Mubera Towers, Narayanaguda, Hyderabad TAIWAN 500 029. Tel: 91-40-2322-0328, 91-40-2322-0424. Email: nandi@ PRODUCTS: Steel products nanditube.com Contact: Ms. Margaret Ye – Sales PRODUCTS: Granites, silica quartz, VP, YIEH CORP., Sales Department., textiles, apparels, herbs, herbal No. 6, E-Da Road, Yanchao Town- extracts ship, Kaohsiung County, Taiwan 82445, R.O.C. Tel: 886-7-6151000 Contact: Mr. K.M. Althaf, Managing ext.132. Fax: 886-7-6153000. PRODUCTS: Handicrafts, spices, Partner, GTC Corporation, Suite 5, rd Mobile: 886-988-198-035. Email: cashewnuts 3 Floor, Rosy Towers, 7 Nungambakkam High Road, [email protected]. Website: Contact: Mr. Ajith Kumar, Shri Chennai 600 034. Tel: 91-44-2826- http://www.yieh.com Ammabhahavaan Exports. Email: 3944, 91-44-2827-8342, 91-44- [email protected] 4214-4467, 91-44-2825-5806, PAKISTAN PRODUCTS: Natural stones 91-44-2821-4883. Email: kmalthaf@ ymail.com Contact: Mr. Naresh Jain, CEO, nd R.J. International, 2 Floor, No. 85, PRODUCTS: Zinc dross, zinc ingots, 4th Main, 5th Cross Road, Kodihalli, zinc ash. Bangalore 560008. Mobile: 91-99582- Contact: Mr. Ritesh Singhal, Director, 30797, 91-93412-57535. Email: 2013 B.N. Industries, No. 222, Oshiwara ER 2013 B [email protected] Industrial Estate, Goregaon (W), EM EMBER C C E Mumbai 400 104. Tel: 91-22-2876- DE PRODUCTS: FMCG products D 7762, 91-22-2876-7763. Email: 236/ 236/ Contact: Mr. L. Sudhir, Swannadi UE UE [email protected] ss SS I I Enterprises, Jaipur, Rajasthan. / / Tel: 91-141-2812068. Mobile: PRODUCTS: Lemon, amla, sapota, EVIEW EVIEW R R PRODUCTS: Pakistani Kinnos C C 91-98296-25233. Email: info@ palamrosa oil, phalsa (Mandarin) ONOMI ONOMI indiandepartmentalstore.com C C Contact: Amin Farm, Gujarat. Email: E E Contact: Sultan Enterprises, AND [email protected], vasusachdev@ AND E E PRODUCTS: Handicrafts and gift C C H#679, St#1, Ali Park Nadir Abad, yahoo.co.in RA Bazaar, Lahore Cantt., Pakistan. items OMMER OMMER C C Tel: 92-321-242-7747, 92-345-477- Contact: Mr. Praveen Sharma, PRODUCTS: Coconut, paper, lemon, AUDI AUDI S S 2084. Email: [email protected] Precision Metal Crafts, Moradabad. garments 66 trade TRADE Contact: Ganesh, Oneness Exports & PRODUCTS: Gemstones TURKEY Imports, Tamil Nadu, India. Mobile: Contact: Mr. Dinesh Kumar Mantri, 91-99525-82323. Email: oeiganesh@ PRODUCTS: (Manufacturer) EN Export Manager, Madhav Gems ENQUIRIES gmail.com Furniture bedroom sets, sofa Exports, 346, Mantri Bhawan, Akron Q K Rasta, Kishanple Bazar, Jaipur 302 sets, dining room & living room UIRIES PRODUCTS: Food products, 001. Mobile: 91-98292-35225. Email: furniture, TV and wall units and vegetables, spices, fruits, cosmetics, [email protected] furniture accessories. pickles Contact: Mr.Sevil Koca, Avanti Contact: Mr. Vikas Jain, Kukku Mobilya, Tel: +90 216 349 49 24, CANADA Jewellers (Pvt.) Ltd., 235, Bharat Fax +90 216 349 36 37, E-mail: Marg, Surya Nagar, Gopalpura PRODUCTS: FMCG (Fast Moving [email protected], Website: Bypass, Jaipur 302 015. Mobile: 91- Consumer Goods) of Canadian www.avantimobilya.com 94140-44580. Email: vikas69@gmail. origin. A well connected trading PRODUCTS: (Manufacturer) High com company based in Montreal quality machine woven carpets. could help you source products of PRODUCTS: Flavored food products Production of pure wool and pure Canadian origin especially in the and herbal products acrylic and woollen (wool and FMCG sector. Our experience and Contact: Ms. Sejal Patel, Export acrylic blend) carpets. contacts with the Canadian food Executive, Hi-Tech Food Ingredients. industry could get you the right Contact: Atlantik Hali A.S., Tel: Email: [email protected] products, conforming to SASO +90 (352) 322 06 70 Fax: +90 (352) 322 06 69, E-mail: ckeskalan@ PRODUCTS: Cosmetics standards. atlantikhali.com.tr Contact: Ms. Aarti, Reshlon Contact: Ms. Nayla Bali Samman, Cosmetics Pvt. Ltd., 73, Samkruti C.O.O, Peregrine Trading, 815 Muir, PRODUCTS: Bituminous Prasad, Ram Maruti Road, Thane #1108, St Laurent H4L5H9, Quebec, Waterproof Membrane (Producer) (W) 400 602. Tel: 91-22-2536-8261. Canada. Tel: 1-514-575-6459. Email: bituminous waterproof membrane [email protected] Fax: 91-22-2543-4546. Email: rekha@ (in roofing – construction sector) reshlon.com Contact: Mr. Hakan Acil, Import & PHILIPPINES Export Manager, Topak Ins. Malz. PRODUCTS: Plastic houseware and Taah. San. Tic. Ltd. Sti., Address: kitchenware Incirtepe Mh. Dogan Arasli Cad., Contact: Mr.