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Saudi Arabia takes part in Chemspec Exhibition

Basel, Switzerland, Saudi General Investment Authority held a pavilion entitled " Invest in Saudi Arabia" at the 34th International Exhibition for Fine and Specialty Chemicals also known as Chespec Europe held here in Messe Basel, Switzerland.

The joint public and private pavilion introduced potential investment opportunities in the chemical industry in the Kingdom of Saudi Arabia and the Authority role in providing services to investors and presenting foreign investment laws and procedures in the Kingdom.

Eng. Ahmed AlObaidi, head of Chemical Sector at the General Investment Authority highlighted during the Chespec Europe the national strategy for the Chemical Sector within vision 2030 and the available investment opportunities in Specialty Chemicals in addition to highlighting the local content of Saudi Aramco and SABIC.

The Royal Commission for Jubail and Yanbu presented the latest development on process industry clusters, the value being provided by these clusters to investors, and the stimulants provided by the government to enable special chemicals projects in these clusters.

A number of leading companies presented investment opportunities for investors, Saudi Aramco presented The In-Kingdom Total Value Add (IKTVA), SABIC presented integrated Localization Engine called in Arabic NUSANED means Support, and SADARA The Saudi Chemical Company presented Blachem Park in Jubail.

Source: Saudi Press Agency

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