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SABIC Named BFA Annual Conference Honorary Strategic Partner for the Third Consecutive Year

10/01/2022

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SABIC, a global diversified chemicals company, has once again deepened its long-term cooperation with Boao Forum for Asia (BFA) and become the honorary strategic partner of the BFA Annual Conference for the third consecutive year. This milestone further demonstrated the company’s firm commitment to advancing cross-regional cooperation and its endeavours in China. Witnessed by Li Baodong, Secretary-General of BFA, the agreement was signed by Li Lei, Vice President and Regional Head, North Asia, SABIC, and Cheng Ji, Executive Director of BFA.

At the signing ceremony, Li Lei said: “We are privileged to once again be the honorary strategic partner of the BFA Annual Conference. SABIC always adheres to its vision of collaboration to meet future challenges. This coincides with the BFA spirit of inclusive innovation and win-win cooperation. From participator to strategic partner and then honorary strategic partner, throughout this decade-long journey BFA has become a like-minded old friend to us. As the Forum welcomes the start of its third decade this year, SABIC will continue to leverage the forum as our key platform to set examples for cross-regional collaboration, fully support the annual conference and other themed events, and strive to elevate our partnership to the next level.”

Li Baodong, Secretary-General of BFA, welcomed SABIC in becoming the honorary strategic partner of BFA Annual Conference for the third consecutive year, and sincerely thanked Yousef Al-Benyan, SABIC Vice Chairman and CEO and member of the BFA Board of Directors, and SABIC’s China team for their unremitting support. He looks forward to the continued cooperation between the two sides on jointly contributing to the sustainable recovery and development of Asia and the rest of the world.

The year of 2022 embraces the inception of the Regional Comprehensive Economic Partnership Agreement (RCEP), which will create the world’s largest free trade zone. As another milestone of cross-regional collaboration is achieved, BFA marches into its third decade of innovative development. And the 2022 BFA Annual Conference is highly anticipated to play its continual role as an important conversation mechanism for cooperation between governments, business communities and academic circles, better enabling sustainability and inclusive growth, and performing a melody of solidarity in the post-pandemic era.

Since 2009, SABIC has attended the BFA Annual Conference for 13 consecutive years; in 2014, SABIC became the event’s first strategic partner; in 2020, it was elevated to be the first honorary strategic partner, and the long-term partnership between the two sides still continues to evolve. This year, led by Yousef Al-Benyan, SABIC Vice Chairman and CEO and member of the BFA Board of Directors, SABIC will actively participate in the conference again, make further use of the platform’s advantages, and the chemical industry’s unique role as an anchor of cross-industry cooperation to promote wider and more effective collaboration across the value chain and among all sectors of society.

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