Asharqia Chamber held the Tuesday's monthly meeting of businessmen and businesswomen at its headquarters on Tuesday March 5, 2019, with the presence of the Chairman of the Board Abdul Hakim bin Hamad Al-Ammar Al-Khalidi.
The Chief Executive Officer of Sadara Chemicals Company, Dr. Faisal Bin Mohammed Al-Fakir, stressed the importance of partnership with the business sector with the company's keenness to carry out its work in accordance with high international standards through the Saudi investors.
He pointed out that the forefront was recently signed with local investors to strengthen its current trend to activate the manufacturing sector.
Al-Fakir said that Sadara is a joint venture between Saudi Aramco, the world's leading oil producer, and Dow Chemical, which is one of the world's leading chemical producers, in Jubail Industrial.
He pointed out that the lead contains 26 laboratories of the world-class integrated manufacturing plants, which produces more than 3 million tons per year of high value-added plastic and chemical products such as polyethylene, ethylene oxide, propylene oxide, glycol, amines, isocyanate and polyole.
Al-Faqir during the meeting, which was conducted by the Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabil and witnessed a significant presence of businessmen and interested individuals, emphasized that the local business sector is capable of carrying out the company's work by the required standards.
He pointed out that the company will strengthen its ties with its potential partners after the completion of the full operations recently.
Al-Faqir said during the meeting, which was attended by a number of Board members, that the company will provide many investment opportunities that the local investor can benefit from and attract expertise and partners to implement them, especially that the company has the largest chemical complex integrated in the world was built in one phase.
It consists of 26 world-class plants with a production capacity of over 3 million metric tons per year of high value-added plastic and chemical products.
The total investment of the project is about SR 75 billion, where it supports the industrial diversification in the Kingdom by expanding the creation of new investment opportunities in the field of manufacturing industries, production of isocyanates, polyols, polyurethanes and others.
Al-Faliker said that the Kingdom, through its ambitious 2030 Vision, supports the trend in manufacturing many products that do not currently exist in the Kingdom, as this will increase the task on the company.
In order to meet these ambitions and commitments, the company will be committed to strategic partnerships with local investors, who are able to implement the requirements and achieve the company's objectives for the coming period.
In conclusion, the Chairman of the Board Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the Chief Executive Officer of Sadara Chemicals Company, Faisal bin Mohammed al-Faqir, with a commemorative shield.
