At King Abdullah Port, Sipchem has signed an agreement with shipping giant Maersk to collaborate on ocean transportation and storage.
As a result of this deal, sipchem will attain a strong position in the petrochemical industry both locally and internationally.
As per report, sipchem is planning to swell its export base and for the growth of Saudi Arabia’s export market, the company will play a leading role.
By implementing its new business strategy, the company will be able to take full advantage of its unique geographical position, which has made it a major global trade hub for a number of years. As part of the company’s commitment to furthering the Kingdom’s long-term vision of global trade and commerce, Sipchem intends to leverage the port’s capabilities as well.