Sabic and Lenovo have signed a Memorandum of Understanding (MoU) to explore strategic collaboration supporting industrial innovation and advanced technology development in Saudi Arabia and beyond.

The agreement was signed September 1 on the sidelines of the LEAP Tech Conference in Riyadh, in the presence of Dr Faisal Alfaqeer, Sabic CEO and Executive Board Member

The MoU establishes a framework for both companies to identify areas of mutual cooperation, combining their expertise to support industrial development, knowledge transfer and technological advancement.

The partnership reflects their shared commitment to strengthening Saudi Arabia’s position as a global hub for innovation and advanced industry.

Abdulrahman Shamsaddin, Sabic Executive Vice President, Petrochemicals, said: "The Kingdom is undergoing a significant industrial transformation, and partnerships such as this can play an important role in accelerating the development of advanced capabilities, fostering knowledge exchange, and creating new opportunities for sustainable economic growth. We look forward to working closely with Lenovo to identify areas where our expertise can contribute to the continued advancement of Saudi Arabia's industrial and technology sector."

Tareq Alangari, Lenovo President, Middle East, Türkiye, Africa, said: "Saudi Arabia is rapidly establishing itself as one of the world's most dynamic markets for technology, innovation, and advanced industry. Through this MoU, Lenovo and Sabic will explore opportunities to bring together our respective strengths and global expertise to support industrial innovation and contribute to the Kingdom's long-term development ambitions."-OGN/TradeArabia News Service