Saudi Basic Industries Corporation (SABIC) announced today that it has confirmed its diamond sponsorship for the Boao Forum for Asia (BFA) that is scheduled to take place between April 9th and 11th, 2010 in the scenic seaside town of Boao, Hainan Province, China.
At a sponsors’ appreciation ceremony and press conference held in Beijing, SABIC’s General Manager for Asia Pacific, Ahmed Al-Umar said, “Three months ago in November, the SINOPEC SABIC Tianjin Petrochemical Company was inaugurated. This underscores SABIC’s confidence in China and our Chinese partners. The power of local partnerships, we believe, is a key driver of exceptional business performance. It is in this spirit of partnership that we have returned as a diamond sponsor for the Boao Forum for Asia”.
“The Boao Forum for Asia is a well respected and influential platform that brings together great minds and ideas from the government and business sectors, as well as the academia across the region and globally. SABIC is delighted to play a constructive role in this exchange and dialogue. We are confident that the 2010 Boao Forum for Asia will be a resounding success”, added Al-Umar.
Mr. Long Yongtu, Secretary General of the Boao Forum for Asia (BFA), thanked SABIC for its continued support, and said that the growing list of corporate giants involved with this year’s event reflects the rising influence globally and importance of the BFA.
With the theme “Green Recovery: Asia’s Realistic Choice for Sustainable Growth”, this year’s BFA event covers debate on low-carbon energy, as well as broader issues such as the transformation of Asian economies, the effect the financial crisis has had on the global business environment and the potential for intra-Emerging-Market cooperation”, which will have a strong and lasting impact right throughout the region.
2009 marked a fruitful year for SABIC globally, and especially in China. The SINOPEC SABIC Tianjin Petrochemical Company was inaugurated in November 2009 and pre-production operations of the new 3.2 million-ton petrochemical complex, including a million-ton ethylene cracker and eight additional downstream units, commenced in January 2010.