SABIC wins Best SMEs Support Award at BIBAN Forum

SABIC won the Best Small and Medium Enterprises Support Award at the BIBAN 2017 SME Forum, reflecting the company’s strong commitment to contribute to the creation of jobs and economic growth in the Kingdom.

The forum held in Riyadh from September 17 to 20, under the aegis of the Small and Medium Enterprises General Authority (Monsha’at), to provide a platform for government officials, investors, businesspersons, and other experts to address SME developments in the Kingdom.

Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC, praised the role played by the company in supporting small and medium enterprises in the Kingdom. SABIC has won the award in recognition of its continuous efforts in supporting SMEs ever since its inception, motivating its leadership and employees, he said.

Prince Saud thanked Monsha’at for the honor and stressed that SABIC will live up to its expectations and strive hard to achieve the aspirations of the Kingdom’s leadership and its people, particularly the youth. He added that SABIC is committed to contribute to the success of the Saudi Vision 2030.

He pointed out that SABIC has a number of quality programs that are contributing significantly to the growth of SMEs and their effective participation in the national economy. SABIC has been supporting the development of local industrial content with its range of sustainable products, and has been creating new job opportunities for Saudi youth, he said.

Yousef Al-Benyan, SABIC Vice Chairman and CEO, thanked Monsha’at and stressed that SABIC would continue its support for small and medium enterprises. "The development of local industrial content is no longer an option or a luxury. It is an urgent necessity and a top priority for SABIC. We seek to localize a large proportion of our global purchases, and contribute towards expanding the local market, with the cooperation of all stakeholders. SABIC is also encouraging innovative ideas and entrepreneurship,” he said.

SABIC recently established a dedicated local content development unit.

During the BIBAN ceremony, Dr. Ghassan bin Ahmed Al-Suleiman, Monsha’at Governor, presented the Best SMEs Support Award to SABIC, received by Uwaidh Al-Harethi, Executive Vice President, Innovation and Business Development.

Abdulrahman Al Husseini
A / Leader, Global Communications