dependant, SABIC and SIPCHEM will establish specialized R&D (Research and Development) centers to develop product applications. Their aim will be to promote and encourage local industries, especially in the areas of automotive parts, electrical appliances, household commodities, computers and electronic equipment and health care and provide support to national downstream industries, especially the plastic industries sector. The MoU was signed by Mutlaq H. Al-Morished, SABIC Vice President, Corporate Finance, and Ahmad Al-Ohali, SIPCHEM CEO, the press release disclosed.