GDI attends inauguration ceremony for the National Industrial Development and Logistics Program (NIDLP)
GDI has attended the inauguration ceremony for the National Industrial Development and Logistics Program (NIDLP) to support the Industry in KSA. The ceremony was patronaged by his royal highness Prince Mohammed Bin Salman who was present at the ceremony. The ceremony introduced several MOUs between foreign and local companies and different governmental bodies to establish many projects that will support the local industry.
In light of GDI’s scope to develop new downstream chemical & petrochemical projects in KSA, GDI has signed two Memorandum of Understanding (MOU) for its projects in the ceremony:
- MOU with Eastman Chemical Company to explore the opportunity of producing 12 new high-value products for the first time in KSA.
- MOU with Farabi Petrochemicals to produce Heat Transfer Fluids for the first time in the MENA region.