Riyadh: Riyadh is gearing up to host the first Boao Forum for Asia conference tomorrow, hosted by the Saudi Basic Industries Corporation (SABIC) in collaboration with the Boao Forum for Asia, under the theme “Energy Transformation for a Sustainable Future.” The conference aims to boost international cooperation and increase integration among various sectors as the longstanding partnership between SABIC and the Boao Forum for Asia develops into new horizons.
Building on its 16-year strategic partnership with the forum, SABIC remains committed to enhancing cooperation among companies and countries linked to product value chains.
In addition to supporting the annual conferences, SABIC has also participated in several related conferences, including the “Science, Technology, and Innovation Forum” and the “Global Economic Development and Security Forum” under the Boao Forum for Asia, where SABIC shared its rich expertise in innovation and sustainability.
SABIC has enhanced its commitment to the Chinese market in
recent years through the forum’s leading role in promoting regional cooperation and sustainable and comprehensive growth. It has collaborated with local partners to expand its presence since its entry into the country in the 1980s. SABIC is dedicated to supporting high-quality economic development in China by offering more innovative solutions covering the entire value chain.
One notable milestone is the ceremony for a new global petrochemical complex, a joint project between SABIC and Fujian Petrochemical Company, costing 44.8 billion Chinese yuan.
As renewable energy has become a focal point of China’s attention in recent years, SABIC has increased its activity in renewable energy applications in China to facilitate its transition towards sustainable development through an innovation-based strategy, which also forms a significant part of the company’s global roadmap towards carbon neutrality.
To face increasing global challenges and as a leader in the chemical industry, SABIC seeks to support the transit
ion in the energy sector towards a sustainable future by enhancing cooperation and innovation.
China continues to adopt further economic reforms and enhance the Sino-Saudi strategic partnership, and SABIC continues to benefit from the Boao Forum for Asia as a prominent platform to enhance its participation in various industries and contribute to the strategic integration between China’s Belt and Road Initiative and Saudi Vision 2030.
Source: Saudi Press Agency