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Investment of about 40 billion yuan, Sino-Saudi Gure ethylene project joint venture contract signed

 Last Update: 2021-09-04
 Source: Internet
 Author: User

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Recently, Sinochem Gulei ethylene project joint venture contract was formally signed, and the signing ceremony was held in the form of video connection "cloud signing"
.

Fujian Provincial Party Committee Secretary Yin Li, Governor Wang Ning, and Saudi Basic Industries Corporation Vice Chairman and CEO Yusuf Al-Bayyan witnessed the completion of this cooperation

SABIC and Fujian Petrochemical Group signed a joint venture contract

According to the contract, Saudi Basic Industries, a world-renowned diversified chemical company, and Fujian Petrochemical Group Co.
, Ltd.
will establish a joint venture
.

The company plans to invest 40 billion yuan (approximately US$6.

Fu Jian Yin Li, Party Secretary and Governor Wang Ning, vice president of the meeting, Saudi Basic Industries Corporation and president of North Asia, Li Lei and his party

Yin Li, on behalf of the Fujian Provincial Party Committee and the Provincial Government, said that Fujian is the starting point of the Maritime Silk Road, and Saudi Arabia is one of the first countries to participate in the “Belt and Road” initiative
.

This time the Sino-Saudi Gure ethylene project is a “key project of Sino-Saudi capacity and investment cooperation”.

Al-Bayan expressed his congratulations on the successful signing of the project through video, and expressed his heartfelt thanks to the Fujian Provincial Party Committee, the Provincial Government and related parties for their strong support and active promotion of the project
.

He said-Saudi Basic Industries Corporation attaches great importance to the cooperation with Fujian, and will give full play to its advantages in raw materials, technology, production, safety and environmental protection, market development, talents, management, international cooperation, etc.

The signing ceremony took an online format and was presided over by Guo Ningning, Vice Governor of Fujian Province
.

SABIC's executive vice president in charge of petrochemical business, Abdulrahman Al-Fageeh (Abdulrahman Al-Fageeh), signed a joint venture contract with Xu Jianping, the legal representative and general manager of Fujian Petrochemical Group

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