SABIC AT CIIE: GROW TOGETHER FOR SUCCESS NOW AND IN THE SHARED FUTURE
SABIC VC & CEO enables SABIC to shine at the inaugural and historical China International Import Expo
Shanghai, China, November 05, 2018 – SABIC Vice Chairman and CEO Yousef Al-Benyan again gathered the world’s attention on SABIC during the Hongqiao International Economic and Trade Forum (HIETF), a key thought leadership session of the inaugural and historic China International Import Expo (CIIE) in Shanghai, as he illuminated SABIC’s commitment and strength as a growth partner in China’s journey of reform and opening up in the new era.
“SABIC highly appreciates what President Xi pointed out during the opening ceremony that economic globalization is an irreversible historical trend and provides strong momentum for the world economic development,” said Mr. Al-Benyan. “SABIC is committed to growing together with our customers, business partners and all stakeholders for mutual success now and in the future globally especially in China, which is one of the key engines driving the economic growth of Asia Pacific and the world as a whole.”
And speaking as a panelist at HIETF on the forum theme of ‘spurring new vitality of global trade, creating an open and win-win scenario’, Mr. Al-Benyan also impressed the audience with SABIC’s firm standing on the open future of the world. “We embrace globalization, free trade, more openness & connectivity and collaboration between countries & regions, which have all been highly reiterated and bolstered here at CIIE, a special and much-needed exhibition of our time,” he stated.
As the world’s first trade fair focused solely on importing, the CIIE is a significant move for China to push forward a new round of in depth opening up to the world. HIETF, the conference function of CIIE, gathered prominent global government officials and business leaders to present ‘China Solutions’ and exchange ideas facilitating globalization and open trade. SABIC’s active participation in CIIE through its thought leadership engagement at HIETF, clearly underlines the company’s strengthening commitment to the China market and to being a global trade enabler.
“Geopolitical issues and economic instability underline the necessity to further the momentum of cross-regional collaborations. Notably, the B&R Initiative and Saudi Vision 2030. And SABIC is ready, to leverage the company’s considerable global resources and expertise to seize opportunities,” Speaking on the company’s belief on regional collaborations and then its China commitment, Mr. Al-Benyan said. “China remains a particularly important region, and is central to SABIC’s growth strategy. Through partnerships and investments in innovation, business transformation and sustainability development, SABIC continues to contribute to China’s growth in the new era.”
SABIC has been enabling China’s market and visions for over 40 years. Its continually expanded footprint, was recently marked by an investment MOU for a mega petrochemical project in China’s Fujian Province. Today, the company operates in 14 strategic markets across China, a SABIC Technology Center in Shanghai, plants in Shanghai, Guangzhou and Chongqing, as well as joint venture SSTPC with Sinopec running a world-class petrochemical complex in Tianjin, supporting China’s inclusive growth at full speed.