Abdullah Haman Al Faji, CEO of Saudi Arabian Basic Industries, recently stated in an interview with Xinhua News Agency that China, as the world's second-largest economy and an important driving force for global economic growth, is building a new pattern of high-quality development, which provides abundant development opportunities and broad market space for many multinational enterprises.

Al Faji said that after more than 40 years of rapid development, the Chinese economy has injected valuable resilience and driving force into the global value chain. In recent years, China has promoted high-level opening-up to the outside world, further attracting and stabilizing foreign investment. As a diversified chemical enterprise, Saudi Basic Industries Company has always regarded China as an important strategic market.

Speaking of the comprehensive commencement ceremony of the main project of the Zhongsha Gulei ethylene project, which will be held grandly in Fujian, China in February 2024, Al Faji emphasized that the project is a crucial step for the company to deepen its investment layout in China and marks another important milestone in the company's business development in China. This project will fully utilize the advanced technology mastered by the company, committed to providing high-end applications and solutions. In addition, as the project is located at the Gulei Petrochemical Base in China, this not only helps the company to further collaborate with upstream and downstream partners in the industry chain, jointly seize huge market opportunities, but also plays a positive role in promoting the innovative development and structural transformation of China's petrochemical industry.

He said that since entering China in the 1980s, the company has been committed to achieving sustainable development and has become an investor, operator, innovator, supplier, and partner in the Chinese market. In the future, the company will continue to be a participant in the local market in China, developing local strategies, introducing world-class technologies, and providing tailored sustainable solutions for Chinese customers and value chain partners.

Abdulrahman Al Faji, CEO of Saudi Basic Industries, stated that Saudi Arabia and China have established a deep mutually beneficial relationship through close cooperation for a long time. The strategic alignment between China's the Belt and Road Initiative and Saudi Arabia's 2030 vision not only adds a new chapter to the history of cooperation between the two countries on the Millennium Silk Road, but also further consolidates the solid foundation of their comprehensive strategic partnership. SABIC will actively follow this development trend, seize the development opportunities in the Chinese market, and contribute to the growing synergy between the the Belt and Road Initiative and the Saudi 2030 vision.

Al Faji also emphasized that the rapid development and enormous potential of the Chinese market provide Saudi basic industrial companies with broad cooperation space and unlimited development opportunities. The company will continue to increase investment in China, deepen cooperation with China in petrochemical, chemical and other fields, jointly promote the development of the global value chain, and make positive contributions to the prosperity and stability of the global economy. Keywords: overseas engineering, international engineering construction, foreign engineering construction news.

In addition, Al Faji also stated that Saudi Basic Industries will actively apply a series of advanced technologies, provide high-end applications and solutions, to promote the innovative development and structural transformation of China's petrochemical industry. At the same time, the company will also work together with partners in the upstream and downstream of the Chinese industrial chain to seize development opportunities and achieve mutual benefit and win-win results. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen