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AMAD SHIPPING Oil Expansions And Business Opportunity For Entry In Shipping Saudi Arabia is the biggest exporter of oil and petrochemical in the world. Saudi Arabia total tanker fleet dwt as of March 2010, is 12.5 million dwt. Saudi Arabia total tanker fleet dwt as of March 2010, represents 3% of global fleet. Source: Drewry Forecasted refinery production for Saudi Arabia 4 3.5 3 2.5 2 1.5 1 0.5 0 2008 2009 2010 2011 2012 2013 2014 Liquid chemical production forecast for Saudi Arabia 30,000 25,000 20,000 15,000 10,000 5,000 0 2008 2009 2010 2011 2012 2013 Ethylene expansions 2008 - 2013 Tanker Trade 2005 - 2014 Tanker Utilization (%) Investing In Shipping Financial Reasons: -Shipbuilding prices at their 15 years low -High capital growth -High future demand Strategic Reason: -Support the National Security -Maintain the competitiveness of exports -Support the GDP and the balance of trade Recommendation -Create a financial Channel to finance the shipping sector like SIDF or add shipping finance to the mandate of the fund. -Increase and improve the shipping subsidies -Activate the government instruction to give preference to the national fleet.