Isopropyl Alcohol (IPA) New Technology Development

Global Company For Downstream Industries (GDI) has received a prestigious entrepreneurship award from SABIC through its NUSANED™ program. The announcement was made during the Nusaned™ executive council’s sixth meeting in Riyadh on 24th December 2019.

This award was in recognition of the entrepreneurial achievement of developing a new technology for multi-purpose Isopropyl Alcohol (IPA) Production, in cooperation with the German company “Evonik”. Serving diverse demands of applications and adding to the kingdom’s exports in line with Saudi 2030 Vision, the new technology will sustain the Saudi market to be a self-reliant for its needs.

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