What's Happening?
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and CEO of ADNOC, has been named the top leader in the 2026 ICIS Top 40 Power Players list for the chemicals sector. This recognition follows his previous accolade as ICIS CEO of the Year
for 2025. Dr. Al Jaber's leadership is credited with transformative moves in the global chemical industry, including the creation of Borouge Group International and the acquisition of Covestro. These strategic initiatives are set to position Abu Dhabi as a leader in the global chemicals market, with significant growth anticipated in chemical demand by 2050.
Why It's Important?
Dr. Al Jaber's leadership and strategic initiatives are pivotal in shaping the future of the global chemicals industry. The formation of Borouge Group International and the acquisition of Covestro are expected to create a powerhouse in the polyolefins market, enhancing Abu Dhabi's influence in the sector. This development is significant for the global chemicals market, as it aligns with the projected 70% growth in chemical demand by 2050. The focus on mergers, acquisitions, and innovation under Dr. Al Jaber's leadership highlights the importance of strategic vision and execution in driving industry success.
