The Dow Chemical Company
Industry and Activities:
The Dow Chemical Company, is a multinational chemical corporation. Dow provides chemical, plastic, and agricultural products and services to consumer markets that include food, transportation, health and medicine, personal care and construction, and operates in approximately 180 countries.
The Dow Saudi Arabia Company was established in 2007.
Company at a glance:
For more than 117 years, Dow has strived to create value through its diversified, market-driven portfolio of specialty chemical, advanced materials, agro sciences and plastics businesses.
Leveraging cost advantage, scale and geographic presence – together with close customer collaboration and industry-leading R&D expertise – Dow is delivering differentiated solutions that address unmet market needs.
At the intersection of chemistry, biology and physics, Dow’s team of scientists and experts are addressing the world’s most pressing challenges – enhancing the quality of life for current and future generations, all while creating long-term sustainable value for the Company, its customers and its shareholders.
Details on operations in Saudi Arabia:
The Dow Chemical Company are dedicated to addressing the unique needs of their customers in Saudi Arabia. Their growing footprint and strategic partnerships reflects their commitment to the Kingdom.
Dow has been in the Kingdom for over 35 years, contributing to the petrochemical, coating, water and energy sectors. The Dow Saudi Arabia Company combines the power of science and technology to bring innovative solutions to a variety of industries- such as: packaging, building and construction, oil and gas, agriculture, water, and energy.
Dow’s presence in Saudi Arabia is defined by landmark investments and a growing commercial presence. Sadara, Dow’s joint venture with Saudi Aramco, is the largest foreign direct investment in Saudi Arabia’s chemical sector. Dow also enjoys successful partnerships with E.A. Juffali & Brothers and the Tasnee Sahara Olefins Company.
The Dow Saudi Arabia Company, Dow’s first wholly owned entity in the Kingdom was established in 2007. Dow is investing in localized R&D in the Kingdom through the Dow Middle East & Africa R&D Centre at the King Abdullah University of Science & Technology (KAUST). Research at the Centre focuses on desalination, oil and gas, and building & construction.
How Saudi Arabia benefits The Dow Chemical Company
The Dow Chemical Company (NYSE: DOW) recently became the first company to receive a trading license from the Government of Saudi Arabia (June 2016), allowing 100 percent ownership in the country’s trading sector, expanding Dow’s long history of partnership and investment in the Kingdom.
The trading license advances Dow’s ability to deliver high-value, innovative products that will benefit Saudi Arabia in the areas of sustainable development, energy-efficiency, oil and gas, alternative energy and water.
Saudi Arabia recently approved the issuance of trading licenses to companies outside of the Kingdom in alignment with the country’s strategy to diversify its economy and address challenges brought by lower global energy prices.