16 June 2016
DETAILS
L to R:
His Excellency, Dr. Majid bin Abdullah Al Qasabi,
Minister of Commerce and Investment;
His Royal Highness; the Deputy Crown Prince of Saudi Arabia,
Mohammad Bin Salman Al Saud;
Dow chairman and CEO,Andrew N. Liveris;
His Excellency, Minister of Energy and Mineral Resources
of Saudi Arabia and chairman of Saudi Aramco, Khalid Al-Falih.
The Dow Chemical Company (NYSE: DOW)
recently became
the first company to receive a trading license
from the Government of Saudi Arabia,
allowing 100 percent ownership
in the country’s trading sector, expanding
Dow’s long history of partnership and investment
in the Kingdom.
The trading license advances Dow’s ability
to deliver high-value, innovative products
that will benefit Saudi Arabia
in the areas of sustainable development,
energy-efficiency, oil and gas, alternative energy
and water.
Saudi Arabia recently approved
the issuance of trading licenses
to companies outside of the Kingdom
in alignment with the country’s strategy
to diversify its economy
and address challenges
brought by lower global energy prices.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
