Sabic signs deal to develop Estidamh business
RIYADH, 3 hours, 9 minutes
ago
Saudi Arabia’s Sabic, a global chemical manufacturing company has signed an agreement with the National Research & Development Centre for Sustainable Agriculture (Estidamh) to manage and develop the centre’s business in Riyadh.
Abdulrahman Al-Fadley, Minister of Environment, Water and Agriculture and Chairman of Estidamah board of members, and Sabic Vice Chairman & CEO Yousef Al-Benyan signed the agreement.
The new five-year agreement is effective from July 25, 2021, following the expiry of an arrangement agreed upon by Sabic and the Ministry of Environment, Water and Agriculture (MEWA) in 2016 under which the former was mandated to run Estidamah for five years, which ends on July 24, 2021.