SABIC supports Boao Forum for Asia for 10 consecutive years

SABIC supports Boao Forum for Asia for 10 consecutive years
Li Lei, vice president and regional head, North Asia, SABIC, expressed SABIC's commitment for the BFA 2018 during a press conference held on 25 January 2018.
Published: 28 January 2018 - 10:30 p.m.
By: Martin Menachery

SABIC, a global leader in diversified chemicals, will return to the Boao Forum for Asia (BFA) as its Strategic Partner for the fifth consecutive year in 2018, underscoring its continuous support to this prestigious annual event as part of its long-term commitment to Asia.

Li Lei, vice president and regional head, North Asia, SABIC, made this announcement recently at a press conference hosted by Zhou Wenzhong, secretary general of the BFA, adding that it also marks the 10th consecutive year of close collaboration and partnership between SABIC and the BFA.

The BFA 2018, taking place under the theme of ‘An Open and Innovative Asia for a World of Greater Prosperity’, will be held during 8-11 April 2018, in Hainan Province, China. Launched in 2001, the BFA brings together global political leaders, business leaders, economists, and academics annually for important discussions with major implications for the future of Asia and the world. Yousef Abdullah Al-Benyan, vice chairman and CEO, SABIC, is currently one of the 19 board members of the BFA.

“An increasingly open and innovative Asia is shaping the future of the world, and unleashing enormous opportunities for greater prosperity,” said Li Lei. “As a major materials solutions provider with a firm foothold in Asia and a global presence, SABIC is always committed to contributing to the region’s sustainable and dynamic development by leveraging its cutting-edge innovations and partnering with governments and businesses in Asia. Moreover, we actively support the high-profile and influential events such as the Boao Forum for Asia to facilitate strategic dialogue that benefits the whole region and the world,” added Lei.

A SABIC senior delegation, led by Dr Abdulaziz Saleh Al-Jarbou, chairman, SABIC, who was newly appointed in last quarter of 2017, and Al-Benyan will participate in the BFA 2018 and engage in dialogues with heads of states, government officials, business leaders as well as industry experts.

SABIC’s long-term strategic partnership and intensive engagement with the BFA represents the company’s commitment to driving inclusive growth of Asia and China, by aligning its strategy and business activities with the region’s top priorities and major initiatives such as the ‘Belt and Road’ initiative.

In recent years, SAIBC has always been collaborating with key stakeholders to ensure sustained growth, including working with Shenhua Ningxia Coal Industry Group for a potential greenfield petrochemical complex in Ningxia since 2016, signing a strategic agreement with Sinopec to study opportunities for joint projects in Saudi Arabia and China in March 2017 under the patronage of King Salman bin Abdulaziz Al-Saud and Chinese president Xi Jinping, as well as signing a memorandum of understanding on further cooperation with the Administration Committee of Guangzhou Nansha Development Zone in December 2017.

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