Innovation, collaboration key to sustainable growth: Sabic CEO
RIYADH, 4 days ago
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)’s Annual Conference 2025 in China.
Marking its sixth consecutive year as BFA’s honorary strategic partner, Sabic underscored its commitment to fostering cross-industry synergies and cross-regional collaboration to unlock sustainable growth with key stakeholders across the value chain.
With its continued investment in China, one of its important and strategic markets, Sabic also underscores its belief that cross-regional collaboration with customers and partners lays the foundation for sustainable economic growth in this changing world.
In 2024, Sabic started construction of a 44.8-billion-yuan world-scale petrochemical complex and signed a potential investment agreement to build an engineering thermoplastics compounding plant in Fujian, China.
Delivering his keynote address, Abdulrahman Al Fageeh, Sabic CEO and member of the BFA Board of Directors, said: "Companies that embrace innovation and strengthen collaboration can transform the challenges of the changing world into the opportunities of sustainable economic growth."
Al Fageeh emphasised the significance of cross-regional and cross-value chain partnerships in scaling up innovative solutions with lasting impact.
As the sole representative of the global business community, he also highlighted the chemical industry’s unique role in supporting global economic growth.
During the BFA Annual Conference 2025, Al-Fageeh also joined business representatives, organization leaders, and industry experts in a high-level roundtable on Promoting Energy Transition in Asia.
He emphasized not only the chemical industry’s pivotal role in fostering cross-industry innovation to accelerate the energy transition, but also the necessity of cross-regional collaboration to unlock broader economic growth.-TradeArabia News Service
