Officials with petrochemical major Saudi Basic
Industries Corp. (SABIC) hosted senior Chinese official He
Lifeng (vice party secretary of the Tianjin city government) in
early November at its headquarters in Riyadh, offering what it
said was a strong sign of support for its growing China
Mohamed Al-Mady, SABIC CEO, received Mr. He as well as his
delegation, which included Xu Hongxing, president of the
SINOPEC SABIC Tianjin Petrochemical Co. venture.The
Chinese dignitaries watched a corporate film and a
presentation, and attended a lunch reception hosted in their
Expressing his views on the visit, Mr. Al-Mady said that it
reflects SABICs strong commitment to the Chinese
SABIC has embarked on a series of growth initiatives
in China, including a new partnership with SINOPEC to build a
polycarbonate plant in Tianjin and a new research center
in Shanghai, Mr. Al-Mady said.
The visit comes on the heels of two recent delegations from
China to SABIC. The first was headed by Zhang Gaoli, a member
of the central committee political bureau with the Communist
Party of China (CPC) and secretary of CPC Tianjin Municipal.
The second delegation was led by Li Yongwu, chairman of China
Petroleum and the Chemical Industry Federation.
Mr. He was the party secretary of Fuzhou city and Xiamen
before being promoted to his current post. He was also the
Xiamen city director of treasury, and later vice mayor. SABIC
has 17 offices in China, three manufacturing plants in
Shanghai, Guangzhou and Tianjin, and one technology and innovation
center in Shanghai. It employs over 900 staff members.
We are happy to receive such dignitaries from
Chinas expanding chemical industry, Mr. Al-Mady
said. This reflects our rapidly growing presence in China
and our ambition to be the preferred petrochemical supplier in this
A visiting Chinese delegation met with
SABIC executives in Saudi Arabia.
The meeting was part of an effort to
Chinas growing business profile in