Kanz contributes considerable contribution in supply chain and production of chemical products.

From supporting a workforce equal to the entire population of Luxembourg to generating a GDP contribution more than the annual GDP of Doha, the chemical industry’s impact on the economy is significant and worth celebrating

The chemical industry is widely associated with the manufacturing of chemicals, but its economic impact extends far beyond that. Central to the modern economy, the industry is known to convert raw materials such as oil and natural gas into more than 70,000 different products which play an essential role in our quality of life. As a major supplier of inputs to many other sectors, most industries utilize chemicals in the production of other end user products including the manufacturing of automobiles, for energy generation, cleaning products, pharmaceuticals, household materials, piping and many more. In turn, the products manufactured by the chemical industry serve as inputs into other manufacturing sectors and help to increase the productivity and performance of various materials and raise living standards across the world, while also contributing to addressing a variety of sustainability goals.

Since its inception in the 1960s, the chemical industry in the Arabian Gulf has made a tremendous contribution to the regional economy through job creation, economic diversification, and by stimulating the creation of other industries. The GCC region reaps significant socio-economic benefits through the direct activity of the industry itself which involves the production, sale and export of chemicals, as well as through the economic activity across the region as a result of the procurement of goods and services by the chemical industry. Furthermore, the chemical industry has an induced impact on the regional economy supported by the spending of the chemical industry’s workforce, and by the spending of workers in the sector’s supply chain.