By: Aseel bin Taleb
Riyadh – Mubasher: Saudi Basic Industries Corp (SABIC) has not conducted any iron exports and is currently focusing on the local Saudi market, stated vice chairman and CEO Yousef Al Benyan.
He added that China’s announcement last month that it will re-examine the three major industries of iron, fertilisers and cement will have a positive global effect on these industries.
In a comment to Mubasher, Al Benyan noted that achieving its 2025 strategy, SABIC will be in a better and stronger global position, allowing it to establish and develop a global Saudi firm that is stronger and better for shareholders.
He added that companies often begin formulating their new strategies five years before the current strategy timeframe is over.
Translated by: Nada Adel Sobhi
