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Sabic CEO meets China PM at Boao Forum

Riyadh, April 17, 2014

Mohamed Al-Mady, Sabic vice chairman and CEO, has reaffirmed Sabic’s commitment to Asia and China’s inclusive growth by increasing its investments in the region and supporting sustainable development.

Al-Mady was delivering a keynote address at the Opening Plenary of the recent Boao Forum for Asia (BFA) Annual Conference in Hainan, China. The event was attended by Chinese Prime MInister Li Keqiang.

Al-Mady led and moderated a closed-door senior executives roundtable at the BFA and also interated with Premier Li.

During talks with the Premier Li, Al-Mady highlighted Sabic’s comprehensive growth strategy and its longstanding commitment towards the communities and markets it operates in, including China. Sabic will continue to be an inclusive growth partner to China and drive innovation and collaboration to help its customers capitalise on the growth drivers, and support them through the recently inaugurated state-of-the-art Sabic Technology Center in Shanghai, the upcoming compounding facility in Chongqing, and its collaboration with state-owned enterprises and research partners, he said.

Al-Mady also held meetings on the sidelines of the forum, with key figures including the Vice Mayor of Tianjin, China to discuss Sabic’s long term commitment to partner with China through its investments in Tianjin. Al-Mady also met with the vice chairman of National Development and Reform Commission and the chairman of National Energy Administration to discuss future cooperation between China and Saudi Arabia.

During these meetings Al-Mady appreciated the Chinese Premier’s successful vision in pushing reforms, which were announced in China in March. He further expressed his confidence in the effectiveness of these reforms to enable China achieve real economic and social growth based on the rising domestic consumption, which is a major growth driver, the country’s open market policies, and urbanization.  - TradeArabia News Service




Tags: sabic | China | Premier Li |

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