By: ICN Bureau
Last updated : March 28, 2025 2:56 pm
Companies that embrace innovation and strengthen collaboration can transform the challenges of the changing world into the opportunities
SABIC, a global leader in diversified chemicals, reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)’s Annual Conference 2025. Marking its sixth consecutive year as BFA’s honorary strategic partner, SABIC underscored its commitment to fostering cross-industry synergies and cross-regional collaboration to unlock sustainable growth with key stakeholders across the value chain.
Abdulrahman Al-Fageeh, SABIC CEO and member of the BFA Board of Directors, delivered a keynote speech at the event’s opening plenary. “Companies that embrace innovation and strengthen collaboration can transform the challenges of the changing world into the opportunities of sustainable economic growth”, said Al-Fageeh. He also highlighted the importance of cross-regional and cross-value chain partnerships in scaling up innovative solutions with lasting impact.
During the BFA Annual Conference 2025, Al-Fageeh also joined business representatives, organization leaders, and industry experts in a high-level roundtable on Promoting Energy Transition in Asia. He emphasized not only the chemical industry’s pivotal role in fostering cross-industry innovation to accelerate the transition, but also the necessity of cross-regional collaboration to unlock broader economic growth.
With its continued investment in China, one of its important and strategic markets, SABIC also underscores its belief that cross-regional collaboration with customers and partners lays the foundation for sustainable economic growth in this changing world. In 2024, SABIC started construction of a 44.8-billion-yuan world-scale petrochemical complex and signed a potential investment agreement to build an engineering thermoplastics compounding plant in Fujian, China.