Air Liquide has revealed that the development of its business in the emerging Middle East is accelerating, as investments totalling around $200m are coming to fruition.
Middle Eastern countries have double digit rates of GDP growth, leading to growth in the industrial gas market exceeding plus-20% per year. Industrial markets in the zone, such as petrochemicals, chemicals, metals and food, require increasing quantities of industrial gases.
Air Liquide has a number of business investments in the region and announced that its close to $200m of interest in the region is developing as hoped.
Pierre Dufour, Senior Executive Vice-President of the Air Liquide Group, responsible for the Middle East zone, declared, “We are delighted that so many projects are coming to fruition in the Middle East, which enable us to be present in most of the markets in this zone.”
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