SABIC signs off on new global application development center in Riyadh

12/03/2010

Saudi Basic Industries Corp. (SABIC) has signed a construction contract to build an 80,000m2 application development center, including about 43,000m2 of building space, at the Riyadh Techno Valley research complex inside the King Saud University (KSU) campus. The SABIC Plastics Application Development Center (SPADC) is part of the company's 2020 strategy, which it says emphasizes the importance of scientific research to serve industries and the process of innovation, and for the creation of new industries.

SABIC Vice Chairman and CEO, Mohamed Al-Mady, said the center will support the continued expansion of his company's product portfolio, especially in the areas of packaging, automotive materials, and compounding. Ultimately, he said that the new research facility will encourage growth of downstream industries, collaborating with customers to develop new plastic applications and provide technical support to SABIC's customers, locally and across the world....
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