Al-Falih: Sadara project set to be operational in 2015

Updated 17 October 2014

Al-Falih: Sadara project set to be operational in 2015

Khalid Al-Falih, CEO of Saudi Aramco, has said that the Sadara project in Jubail is one of the largest and most complicated engineering projects in the world so far and is one of its kind.
In a statement issued by the company, Al-Falih predicted that the project would be operational in 2015, pointing out that it had made considerable progress with 70 percent of the work already completed.
Al-Falih’s statement came during the Sadara CEO Summit held in Jubail recently, which was attended by 40 CEOs of the largest international engineering and construction companies worldwide.
Al-Falih said: “The project is nearing completion. Although there is now a little way to go, it is important to work slowly and at a steady pace to ensure the success of the project. This requires greater determination and a higher level of cooperation from all the partners in the project.”
Al-Falih stated that upon completion, the project construction will have used more than 160, 000 tons of steel and a million cubic volumes of concrete, enough to build three causeways the size of the King Fahd Causeway, which connects Bahrain. Also, a length of 2,500 km of pipes have been used, which is twice the distance from Jeddah to Jubail.
According to the data made available to Arab News, Sadara Chemical Company is a joint venture between Saudi Aramco and Dow Chemical Company that aims to design, construct and operate a global integrated chemical complex in Jubail Industrial City II with an estimated investment of about SR75 billion.
The joint venture developed by both companies was established in October 2011 and is an unprecedented undertaking — the largest integrated chemical complex ever built in the world in a single phase.
Fourteen of the 26 world-scale manufacturing plants are being built at the Sadara complex in Jubail Industrial City II.


World should back Vision 2030 strategy says global risk guru

Updated 22 November 2019

World should back Vision 2030 strategy says global risk guru

  • Ian Bremmer: When I see how much more dynamic Riyadh is compared to two years ago, it’s really undeniable that they are actually trying to modernize society
  • Bremmer: They are hosting the G20, and that could help to make them confident enough to push forward on a resolution to the Qatar issue

BEIJING: The world should back Saudi Arabia’s transformation strategy under Vision 2030 despite the challenges the Kingdom has faced, according to Ian Bremmer, one of the leading political risk advisers in the world.

“When I see them moving toward Saudization, when I see how much more dynamic Riyadh is compared to two years ago, it’s really undeniable that they are actually trying to modernize society. I think that’s really important and we should all be rooting for that process to continue,” he told Arab News on the sidelines of the Bloomberg New Economy Forum in Beijing.

He said that the ongoing reforms in the Kingdom were helping it rebuild its international reputation following criticism over the death of journalist Jamal Khashoggi last year. “They are hosting the G20, and that could help to make them confident enough to push forward on a resolution to the Qatar issue.”

“It would be nice if there could be some reduction in the problem with Qatar, and some reintegration of the GCC, and there has been some progress toward that. The fact that we have a peace deal in south Yemen, that will make a difference too, and hopefully it will reduce some of the tension with Iran as a consequence,” he added.

Bremmer was speaking about climate change and other issues at the forum, at a session that acknowledged the difficulty of meeting targets to get rid of fossil fuels by the year 2050. He also talked about the looming “technology wars” between China and the US.