Sabic, a global leader in diversified chemicals, reaffirmed its dedication to sustainable growth through innovation and collaboration during the Boao Forum for Asia (BFA) Annual Conference 2025 in China. This marks the sixth consecutive year that Sabic has served as BFA’s honorary strategic partner, emphasizing the importance of fostering synergies and collaboration across industries and regions to drive sustainable growth.
Continuing its investment in China, a key strategic market, Sabic highlighted the role of cross-regional partnerships in promoting economic growth. In 2024, the company began construction on a world-scale petrochemical complex worth 44.8 billion yuan and signed a potential agreement to build an engineering thermoplastics compounding plant in Fujian, China.
During his keynote speech, Abdulrahman Al Fageeh, CEO of Sabic and BFA Board member, spoke about how companies embracing innovation and collaboration can turn global challenges into opportunities for sustainable growth. Al Fageeh emphasized the importance of cross-regional and cross-value chain partnerships in scaling up innovative solutions with lasting impact.
As the sole representative of the global business community at the event, Al Fageeh also highlighted the chemical industry’s unique role in driving global economic growth. During the conference, he participated in a high-level roundtable discussion focused on promoting energy transition in Asia. Al Fageeh underscored the chemical industry’s critical role in accelerating the energy transition and the necessity of cross-regional collaboration for broader economic development.
