Andrew Liveris Appointed Co-chair of Saudi-U.S. CEO Forum
May 20 2017 - 8:35AM
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.
About Dow
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.
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The Dow Chemical CompanyRachelle Schikorra, +1 (989)
638-4090ryschikorra@dow.com
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