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FINANCIAL NEWS
Saudi SABIC launches USD100 m technology center in China
03 Dec 2013
(MENAFN) Saudi Basic Industries Corp. (SABIC) and the Royal Commission for Jubail & Yanbu, have announced the launch of the company’s state-of-the-art SABIC Technology Center (STC) in Shanghai, China, according to Arab News.
The launch ceremony was under the patronage of Prince Saud bin Abdullah bin Thunayan, chairman of SABIC, and Yahya Al-Zaid, Saudi ambassador to China.
The center is one of 17 SABIC global R&D centers of excellence. Investments in the new center reached USD100 million.
Mohamed Al-Mady, vice chairman and CEO, SABIC, said: “SABIC is a company grounded in developing material solutions and has innovation, ingenuity and collaboration at its core, helping us to achieve a deeper understanding of our customers and their business. SABIC is committed to being an inclusive growth partner in the markets we operate in.”
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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