Saudi Basic Industries Corp. (SABIC) is seeking to become the largest petrochemical company in the world in 2030 after moving to the third place this year, said company Vice Chairman and CEO, Yousef Al-Benyan.
The ambition is supported by Saudi Arabia s Vision 2030, which is considered a compass for SABIC to achieve its goal, while offering excellent growth opportunities for the petrochemical industry.
The company s expertise on the global level, employees determination and the recent discoveries of oil and gas will help achieve the goal, the CEO said in an interview with Rotana Khalejia TV channel.
He added that SABIC moved from being just a dream for 11 young people in an apartment behind King Abdulaziz Hospital in 1976 to the world’s third-largest company in the petrochemical industry. The company has presence in over 50 countries and employs 33,000 employees globally. Its products reach over 100 countries, has more than 12,000 patents, trademark valued at SR16 billion ($4.2