Lee Hsien Loong, the Prime Minister of the Republic of Singapore and an official delegation has visited the headquarters of the Saudi Basic Industries Corporation (SABIC). He was welcomed by Prince Saud bin Thunayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu and SABIC Chairman; Mohamed Al-Mady, SABIC Vice Chairman & CEO and senior officials. The Prime Minister and his companions listened to a presentation on the achievements of the Royal Commission for Jubail and Yanbu and its role in developing and converting the two industrial cities to the latest global industrial centers which encompass essential advanced facilities. He also listened to a presentation on SABIC's growth, its production, marketing and technical strategies as well as its leading role in promoting commercial exchanges between the Kingdom of Saudi Arabia and its trading partners, according to a report carried by Sabic's web-side. The two sides discussed ways of boosting economic relations between the two friendly countries and developing joint efforts between SABIC and the production sectors in Singapore. This was especially in relation to the company's subsidiary, SABIC Asia Pacific, headquartered in Singapore and running SABICs operations in the Asian markets. Lee is on a visit to the Kingdom of Saudi Arabia as head of a 32-member high-profile delegation. The delegation includes Foreign Minister George Yeo and Minister of Environment and Water resources Dr Jacoob Ibrahim, who is also in-charge of environment. In a statement published today by Arab News, Lee said " Our bilateral relationship has grown significantly in recent years. Working together, I am confident that we can further strengthen our economic ties and forge a strong and comprehensive partnership," Lee said. He added that Saudi Arabia is a key economy in the Middle East and that it has exerted great efforts to diversify its economy.
