International. The Dow Chemical Company reported that it has signed two agreements to advance the company's strategic innovation agenda in the Kingdom of Saudi Arabia (KSA), which will bring cutting-edge technologies to KSA that support the advanced industrial development plan and economic diversification called Kingdom Vision 2030.
Dow signed an agreement to build a state-of-the-art manufacturing facility to produce a range of polymers for coatings and water treatment applications and a memorandum of understanding for a feasibility study related to an investment proposal in the company's Performance Silicones franchise.
Located in Jubail's PlasChem Park, the coatings facility will serve the needs of the Saudi market with a range of acrylic polymers for industrial and architectural coatings and water treatment and detergent applications.
The investment will create approximately 1,000 jobs during peak construction and approximately 100 highly skilled, full-time jobs in the Kingdom, ultimately growing local manufacturing and sustainable economic growth.
"Dow has been a long-term strategic partner in Saudi Arabia for nearly four decades and is the largest foreign investor in the country," Liveris said. "Through our global and regional experience and expertise, we have unparalleled capabilities to deliver innovative, high-value solutions that support the Kingdom in key growth areas that help advance Saudi Arabia's Vision 2030 plan designed to create a vibrant society and diversified economy.
