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SABIC Boosts Local Construction by Signing Contracts With 9 Companies

SABIC Boosts Local Construction by Signing Contracts With 9 Companies

Thursday, 21 March, 2019 - 14:15
Part of signing SABIC contracts on Wednesday, March 20, 2019 (Reuters)

Saudi Basic Industries Corp (SABIC) signed contracts with nine construction companies in Saudi Arabia as part of its transformation process at the procurement and project level.

By signing the contracts with these nine local companies, SABIC aims at achieving greater speed and flexibility in the procurement and implementation of projects, identifying the best suppliers for mega projects, enhancing technical competencies, improving cost competitiveness, and enriching local content in its projects and sites.

“By finding new opportunities for small and medium enterprises (SMEs), enabling local investors and attracting global investments, SABIC will enhance Environment and Human Health, Safety, and Security (EHSS) cultural operation excellence and provide opportunities for downstream growth across the Kingdom,” said Eng. Awadh Al Maker, executive vice president of shared services at SABIC.

This comes as part of efforts to strengthen cooperation between the public and private sectors to support the development of local content and enable achieving the Kingdom’s Vision 2030.

“SABIC has a long history of outstanding relationships over the past years with these suppliers and has always considered them as partners in the success attained in the chemical industry,” Al Maker added.

It is now taking this relationship to the next level and commencing new long-term alliances to achieve significant values for the companies, its customers and the Kingdom, he stressed.

The group of companies of which SABIC signed the contracts with include H K Al Sadiq Sons Contracting Co Ltd., Sendan International Co Ltd., Global Sources for General Contracting, Al-Manar Arabian Corp., Jal International Co Ltd., Central Gulf Eng. & Tech. Sev (Zain Thermal), Abdullah Faleh Al-Dossary, Specialized Industrial Services Co Ltd., and The Third Chemical Engineering Construction Co of China (TCC).

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