Sipchem has signed an agreement with shipping giant Maersk that will enable the two parties to collaborate on ocean transportation and storage at the King Abdullah Port.

 

Through this agreement, Sipchem is aiming to expand its export base, the company said in a press release.

 

The deal will enable Sipchem to gain a stronger position among regional and international petrochemical producers.

 

The company said it will play a leading role in contributing to the growth of Saudi Arabia’s export market.

 

“This new business direction will see us take full advantage of the Kingdom’s unique geographical position, which has helped make it a major global trade hub. Capitalizing on the port’s capabilities also reflects our commitment to furthering the Kingdom’s broader Vision 2030 ambitions for global trade and commerce,” said Mater Aldhafeeri, Vice President, Sipchem