Ministry of Hajj issued over 150,000 Nusuk cards for the Hajj of 2025    Saudi Arabia deports 12,866 illegal residents in a week    SFDA clears first 44-ton medical shipment for Hajj pilgrims    Over 13 million worshipers pray at Rawdah Sharif in a year    Pope Francis laid to rest at historic funeral in Rome    Massive explosion at Iran's Shahid Rajaee Port injures over 500 people    Russia claims full control of Kursk region after ousting Ukrainian forces    Former US congressman George Santos sentenced to over 7 years for fraud and identity theft    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Nammos Amala Resort to open soon with Saudi-Greek designs    Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as ninth-year milestone marked    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Alkhorayef praises advancements in Al-Kharj food industries sector    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Average life expectancy in Saudi Arabia rises to78.8 years    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SABIC, China study new business opportunities
Published in The Saudi Gazette on 31 - 12 - 2013

RIYADH – SABIC welcomed a high-level Chinese delegation from the Jiangsu Province, led by Vice Governor Fu Ziying, at its headquarters in Riyadh on Sunday, at a time when the booming manufacturing sector in China is creating new opportunities for the company to contribute to the country's growing prosperity. The delegation, which was accompanied by Chinese Ambassador Li Chengwen, was extended a warm welcome by Mohamed Al-Mady, SABIC Vice Chairman and CEO, and high ranking company executives.
The SABIC leaders, fresh from the recent launch of the company's state-of-the-art technology center in Shanghai, expressed keen interest in exploring likeminded businesses in Jiangsu for investment options to fuel business growth. SABIC attaches considerable importance to Jiangsu, as a major market for the company, thanks to the strong demand and favorable economic climate. The province is a major player in China's petrochemical industry hosting some of China's largest facilities.
Al-Mady expressed his hope of furthering SABIC's commercial ties with China's business sector, specifically with the Jiangsu Province. “China's trusted business environment has encouraged us to produce new synergies that boost our overall relations. Jiangsu is an important part of China's successful growth story and SABIC is keen on building mutual commitment for new business initiatives. We are indeed encouraged by the Vice Governor's visit and are studying the possibility of establishing a long-term commercial relationship that drives growth on both sides.”
During the visit, the delegation discussed SABIC's growing relationship with China's business sector and academia to promote science, technology and innovation to develop solutions that will help meet the country's future challenges. In order to drive local materials technology, application development expertise, and design assistance, SABIC has devoted more than 200 application development and materials technologists to China since 2001 to enable new technologies at original equipment manufacturers (OEMs), original design manufacturers (ODMs) and processors.
“SABIC is committed to be an inclusive growth partner in the markets in which we operate. Our commitment to China also covers sustainability, where SABIC is creating economic value, protecting natural capital, investing in people, and caring for local communities,” Al-Mady said.
SABIC's investments in China has grown multifold in recent times: a polycarbonate production complex in Tianjin, a 10-year Research Cooperation Agreement with Dalian Institute of Chemical Physics, and a SABIC Technology Center in Shanghai, besides its on-going partnership in the SINOPEC-SABIC Tianjin Petrochemical Company. — SG


Clic here to read the story from its source.