DOW IN SAUDI ARABIA
Dow has been investing in Saudi Arabia since 1976 and is the largest foreign investor in the country in the petrochemical sector.
Dow maintains several joint ventures in the region including Sadara Chemical Company, a joint venture with Saudi Arabian Oil Company (Saudi Aramco). Comprising 26 manufacturing units, Sadara is one of the world’s largest integrated chemical facilities and the largest ever built in a single phase.
In addition to Sadara, Dow maintains joint ventures with Juffali & Brothers and Saudi Acrylic Monomer Company (SAMCo). Additional strategic investments include the Dow Middle East Innovation Center at King Abdullah University of Science and Technology (KAUST) inaugurated in 2018 and an agreement in 2017 to construct a state-of-the-art manufacturing facility to produce a range of polymers for coatings.
In June, 2016, Dow became the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 percent ownership in the country’s trading sector. In May 2018, Dow finalized its first product sale under the agreement.