SABIC chief seeks more collaboration for US, Saudi business leaders
Mohamed Al-Mady, CEO of SABIC, is calling for “more productive engagement” between US companies and the Saudi private sector to further strengthen business relations.
"I cannot overemphasize the importance of our continuing relationship and the bond which has developed over these many years,” said Al-Mady, who addressed a meeting of the US-Saudi Business Council this week in Seattle, Washington.
Al-Mady is co-chairman of the council.
“In this context, and in my role within the US-Saudi Business Council, I see myself as a goodwill ambassador to American business enterprise,” he added.
Al-Mady called for Saudi and US business leaders to begin to more aggressively promote the many bilateral opportunities which exist within the two countries.
"Greater US representation within the Kingdom is very welcomed, as it always has been,” he said. “It is incumbent on all of us to engage in an ongoing campaign to strengthen the business ties that have made our relationship so important.”
Speaking about Saudi Arabia's strategic plan to support and develop local industry, Al-Mady said that business leaders in both countries could play important roles.
The program is crucial to Saudi Arabia's future as it focuses on the importance of developing small and medium enterprises to help grow a strong entrepreneurial base and diversify its economy, he said.
For its part, SABIC and its affiliates developed a robust downstream model, the company said.
"SABIC has been the mainstay in converting associated production gas to valuable marketable products which have enabled the development of local downstream industries," he said.
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