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Prince Saud opens two SABIC offices in Jakarta & HCMC

May '07
HE the Indonesian Vice President, Dr. Mohammed Jusuf Kala received His Highness Prince Saud Ibn Abdullah Ibn Thenayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu and Chairman of the Saudi Basic Industries Corporation (SABIC).

Prince Saud briefed the Vice President of SABIC's business in Indonesia. The Vice President praised the distinguished relations between Indonesia and Saudi Arabia, as well as the leading role of SABIC.

Prince Saud also opened two new SABIC offices. The first in the Indonesian capital, Jakarta and the other in Ho Chi Minh City in Vietnam.

The office openings are in line with SABIC's policy to further develop distribution hubs in the Asian continent and strengthen its presence to be closer to its customers.

These visits come as part of an inspection tour by Prince Saud to SABIC offices and projects in the Asian continent. He was accompanied by Mohamed Al-Mady, SABIC Vice Chairman and CEO and some officials of the company.

The tour includes the opening of a number of new offices in China, Indonesia, and Vietnam. Currently, SABIC has 11 offices in eight countries across the Asia-Pacific region.

Plans are in place to expand the distribution hubs and storage facilities in the major sites in the region.

The Prince - who continues his inspection tour to SABIC's sites in the Asia – said that expansion in Asia is in line with SABIC's corporate strategy aimed at growing the company to become one of the world's largest petrochemical companies.

He pointed out that the Asian market represents an important part of SABIC's business plan.

Saudi Basic Industries Corporation

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