Global Company for Downstream Industries (GDI) and Saudi Basic Industries Corporation (SABIC)

Global Company for Downstream Industries (GDI) and Saudi Basic Industries Corporation (SABIC), a global leader in diversified Chemical Companies, signed a Memorandum of Understanding (MoU) for a long-term supply of 150 KTA Pyoil to the Rufayah Project. The agreement also will include a long-term product supply to SABIC.

The MoU was signed during SABIC launch of its local content initiative “Nusaned” and the cooperation is expected to diversify the kingdom offerings, localize many of the imported specialty and fine chemicals and enable further downstream industries. The Rufayah project is planned to start up Q3 2021.

IKTVA Awarded Global Company for Downstream Industries (GDI) for Best SME’s

Global Company for Downstream Industries (GDI) won the “Best SMEs excellence award” honor at the In Kingdom Total Value Add (IKTVA) Excellence Awards program a part of Saudi Aramco’s value creating contribution to Saudi Vision 2030 and the National Transformation Program.

HRH Prince Saud Bin Nayef the Governor of the Eastern Province presented the award to Mr. Sabri ALGhamdi, President of Global Company for Downstream Industries.

“Best SME’s Excellence Award” was given to a company that demonstrates the highest accomplishment and achievements of being a successful SME. The award has been granted based on the SME’s efforts in Technology Transfer, Innovation Environment, Saudization Development, and Saudization Rate.

IKTVA third anniversary which titled “IKTVA SME’s Forum and Exhibition 2017” highlighted the central and vital role of small and medium size enterprises (SME’s) Sector within IKTVA program, which aims to establish a supply system that relies on local resources in line with international standards to maximize local content to reach 70% by 2021.

IKTVA awarded Global Company for Downstream Industries (GDI) for Best SMEs Excellence Award a part of Saudi Aramco’s value creating contribution to Saudi Vision 2030 and the National Transformation Program