Dow Chemical partners with KAUST in Saudi Arabia

Notes and media contacts

About Dow:

With sales of $58bn in 2008 and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10bn in 2008 and 15,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

About Dow in the Middle East:

Dow has several current and proposed Middle East joint ventures in the UAE, Egypt, Kuwait and Libya as well as in Saudi Arabia, where Saudi Aramco and Dow are in the formation process of a joint venture to build, own and operate a world-scale chemicals and plastics production complex in the Eastern Province. From the opening of its first commercial office in Cairo in the early 1970's to its facility in Jebel Ali in Dubai and its 10-year partnership in Kuwait with EQUATE, Dow has managed to establish a solid presence in the Middle East petrochemicals industry.

About Dow in the Kingdom of Saudi Arabia:

Dow's presence in the Kingdom of Saudi Arabia began with E.A. Juffali & Bros. through a joint venture named the Arabian Chemical Company (Polystyrene) Ltd., which currently has two plants manufacturing STYROFOAM brand insulation - one in Jeddah and the other in Dubai. In 1995, Dow and E.A. Juffali & formed the Arabian Chemical Company (Latex) Ltd., which manufactures latex at its plant in the Eastern Province of Saudi Arabia. In 2007, Dow and Saudi Aramco signed a Memorandum of Understanding regarding the construction, ownership and operation of a world-scale chemicals and plastics production complex in Saudi Arabia, named the Ras Tanura Integrated Project (RTIP). Upon completion, RTIP is projected to be among the world's largest petrochemical facilities and would represent the largest foreign direct investment ever into Saudi Arabia's petrochemical sector.

About KAUST:

King Abdullah University of Science and Technology (KAUST) is being built in Saudi Arabia as an international, graduate-level research university dedicated to inspiring a new age of scientific achievement in the Kingdom, across the region and around the globe. As an independent, merit-based institution, KAUST will enable top researchers from around the globe and across all cultures to work together to solve challenging scientific and technological problems. The KAUST global research and education network will support diverse talents both on its campus and at other top universities and research institutions through collaborative research agreements, grants, and student scholarship programs. The core campus, located on more than 36 million square meters on the Red Sea at Thuwal, is set to open in September 2009.

For further information contact:

Anan Ibrahim
Account Executive
GolinHarris
Capricorn Tower, 7th Floor
Sheikh Zayed Road
P.O. Box 116462, Dubai, UAE
t +971.4.332.3308
f +971.4.331.6733