Despite anti-government protests spreading throughout the Middle East and North Africa (MENA) region, and economic turmoil sweeping the globe as an impact of the tumbling oil price, the future remains bright for the MENA industrial gases market.
The MENA region is attracting increased interest and investment in the core industrial sectors. Coupled with other investments in metals, glass and petrochemicals, the projected commercial gases market in the region is predicted – in a high growth scenario – to reach a value of $662m by 2020 (gasworld Business Intelligence).
Added to which, recent news of Iran’s UN sanctions being lifted has caused much interest from industrial gas companies across Europe. It has been reported that The Linde Group is interested in reviving its presence in Iran’s petrochemicals sector, while there is also speculation of a boom in LNG deliveries to Europe from Iran over the next five to 10 years.
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