MIDLAND, Mich.--(BUSINESS WIRE)--Andrew Liveris, Dow’s chairman and chief executive officer, has been appointed co-chair of the newly launched Saudi-U.S. CEO Forum – created to demonstrate the strategic partnerships between the two countries with the aim of mutual value creation and job growth.
The inaugural annual forum, under the theme “Partnership for Generations,” convened chief executive officers of major Saudi and U.S. companies spanning several industries with senior Saudi government officials. Discussions focused on opportunities to enhance bilateral trade and investments, strengthen economic ties and business relationships, and explore partnership and investment opportunities aligned to Saudi Arabia’s Vision 2030.
“Dow greatly values its long-standing, strategic partnerships and relationships in the Kingdom of Saudi Arabia,” said Liveris. “I am honored to play a key role in advancing Saudi Arabia’s Vision 2030 plan designed to create a vibrant society and thriving diversified economy.”
Dow has been investing in Saudi Arabia for more than 40 years and is the largest foreign investor in the country.
Dow maintains several joint ventures in the region including Sadara Chemical Company, a joint venture with Saudi Arabian Oil Company (Saudi Aramco). Comprising 26 manufacturing units, Sadara is one of the world’s largest integrated chemical facilities and the largest ever built in a single phase.
In addition to Sadara, Dow maintains a joint ventures with Juffali & Brothers, and Saudi Acrylic Monomer Company (SAMCo). Additional strategic investments include agreements with King Abdullah University of Science and Technology (KAUST) to construct a new Dow Middle East Research and Development Center, and a Reverse Osmosis manufacturing facility – the first unit of its kind outside of the United States. In June, 2016, Dow 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.
Dow currently has more than 500 employees in the country.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems, such as the need for fresh food, safer and more sustainable transportation, clean water, energy efficiency, more durable infrastructure, and increasing agricultural productivity. Dow's integrated, market-driven portfolio delivers a broad range of technology-based products and solutions to customers in 175 countries and in high-growth sectors such as packaging, infrastructure, transportation, consumer care, electronics, and agriculture. In 2016, Dow had annual sales of $48 billion and employed approximately 56,000 people worldwide. The Company's more than 7,000 product families are manufactured at 189 sites in 34 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.