On SABIC's growing business in China, he pointed out to the company's recent Heads of Agreement with Sinopec worth $1.7 billion to build petrochemical plants in Tianjin.
“This will be SABIC's first joint venture in China and we hope this will lead to more joint ventures and a strong relationship with Sinopec in the important China market,” he said.
Speaking about SABIC and globalization, Al-Mady said that the company made a decision some years ago, to transform itself from a strong regional player to a major global player.
More recently the company's strategic plan to the year 2020 sets a target for SABIC to be among the very top tier of companies in the industry, he said.
Saudi Basic Industries Corporation
marketing@alchempro.com
