As part of his official visit to Saudi Arabia, Chinese president Hu Jintao visited the Sabic headquarters in Riyadh where he was received by Prince Saud bin Thunayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu and of Sabic, Mohamed Al-Mady, Sabic vice chairman and CEO and other senior officials.

President Hu viewed a film on Sabic’s achievements, strategic plans and foreign investment trends, especially in China.  He also visited the company’s permanent exhibition.
Sabic has been supplying fertilisers, synthetic fibres, iron, steel and plastic products to Chinese customers.
“We will reinforce our presence in China by establishing mega industrial projects. The Chinese market is a key strategic global petrochemical market from Sabic’s point of view. As the kingdom’s leading company, we would continue to foster close commercial relations with China,” said Al-Mady.
An unprecedented boom in various sectors of Chinese industry presupposes that the Asian giant will need petrochemicals, which have diverse applications. Sabic believes it can meet some of that demand.