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In his welcoming speech, Prince Saud bin Thunayan Al-Saud praised the strong and ever growing political, economic and technological relations between the two countries. He praised President Hu's astute leadership and the robust economic growth in China.
Mr. Al-Mady highlighted SABIC's growth and explained how the company has become one of the world's top ten petrochemical companies and number one in terms of profits and sales growth. SABIC aspires to become one of the world's leading petrochemical companies.
Al-Mady said
"SABIC praises the economic development in China. SABIC is proud to have entered the Chinese marketplace at an early stage. Since the 1980s, SABIC has been supplying fertilizers, synthetic fibers, 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".
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Posted by Anne-Birte Stensgaard, Senior News Editor
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