Saudi Aramco Entrepreneurship Center Company Ltd. (Wa'ed) and Chemical Company "Sadara" have agreed to promote the PlasChem Park in Jubail Industrial City II in the Eastern Province of Saudi Arabia to local small and medium sized enterprises. PlasChem Park is presently a collaborative effort between Sadara and the Royal Commission for Jubail and Yanbu (RCJY) to establish a world class industrial park for chemical and conversion industries in Jubail, according to a press release of Saudi Aramco. Wa'ed is a newly formed company, wholly owned by Saudi Aramco, established to be a major financer and incubator of new businesses in the Kingdom; promoting local economic opportunity and creating jobs in Saudi Arabia. Wa'ed will participate directly in the development of investment opportunities and indirectly through entrepreneurs associated with the PlasChem Park. --MORE
