High-level German government delegation in discussions with SABIC to discuss cooperation between Riyadh, Saudi Arabia-based company, major German companies in petrochemical sector
RIYADH, Saudi Arabia
December 19, 2011
– A high-level German delegation, led by Dr. Niels Schmidt, Deputy Premier and Minister of Finance and Economy in the State of Baden - Württemberg, visited the Saudi Basic Industries Corporation (SABIC) in Riyadh on December 18 to discuss various aspects of cooperation between SABIC and major German companies in the petrochemical sector, existing investment opportunities, and other topics of common interest.
The delegation, which comprised two members of the state parliament, and 30 political, economic and media personalities, was received by Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC and the Royal Commission for Jubail and Yanbu, in the presence of Mohamed Al-Mady, SABIC Vice Chairman and CEO, and the company’s executive vice presidents and vice presidents.
The delegation will also visit Jubail Industrial City and tour HADEED, a SABIC manufacturing affiliate.
SABIC operates several industrial complexes in Europe, including Germany.