Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of SABIC, has inaugurated the 11th SABIC Technical Meeting (STM-11) at King Abdullah bin Abdulaziz Cultural Center in Jubail, according to Arab News.
The inauguration was attended by Mohamed Al-Mady, SABIC vice chairman and CEO, and some global participants.
In his speech, the chairman said that Research and Development, together with Technology and Innovation, have not only become an essential element in SABIC’s culture, but also a common culture among the Kingdom’s agencies that are concerned with planning. "The government’s industrialization strategy, so important to the Kingdom’s future, requires that we become more innovative, more creative and achieve highly technological solutions for our nation and the world. And that is why SABIC is so important as a major partner in the Kingdom’s strategy," Prince Saud said.
Al-Mady said SABIC aims to increase the positive impact it is already having on its stakeholders across the value chain by distributing higher levels of direct and indirect economic value.
“We will do this by continuing to make capital investments in manufacturing technologies that reduce our impact on the environment and enhance our short and long term economic viability; invest in innovation and sustainable solutions to differentiate our products; diversify our product offerings; and improve the relationships we have with our customers across various market segments," he added.