Jul 28 2011 |
more articles from
|
Saudi Ambassador praises new economic partnership
Washington, DC (July 28, 2011) -- Saudi Aramco and U.S.-based Dow Chemical have announced a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City in Saudi Arabia. The authorization for the new joint venture, named " Sadara Chemical Company ," comes after an extensive project feasibility study and front-end engineering and design effort that began in 2007."Saudi Arabia's free market economy has undergone remarkable changes in a relatively short period of time and has become the largest destination for foreign direct investment in the region," said Saudi Ambassador to the United States Adel bin Ahmed Al-Jubeir. "The Kingdom welcomes this new partnership with Dow Chemical to bring new technology and innovation to Saudi Arabia."
For the past four decades, the United States has been Saudi Arabia's largest trading partner; the Kingdom is the largest market for American products in the Middle East. In 2010, bilateral trade reached $43 billion. Also in 2010, Saudi Arabia ranked 12th in the world in attracting direct foreign investment, according to the World Investment Report 2011 released by the United Nations Conference on Trade and Development.
-Ends-
Royal Embassy of Saudi Arabia
Information Office
Washington, DC
press@saudiembassy.net
© Press Release 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment