On the morining of March 31st, President Li Xiaolin met with and held a baquet for H.H. Prince Saud bin Thenayan Al-Saud, Chairman of Board of Saudi Basic Industry Corporation (SABIC).

President Li XIaolin extended her welcome to Prince Saud for his first visit to the CPAFFC, and congratulated him on his speech delivered lately at Boao Forum. She briefed the status and recent important events of the CPAFFC, as well as the people-to-people contact developed by the CPAFFC with the Arabic Countries. She hoped that CPAFFC could strengthen the cooperation with Sabic and deepen the friendly exchanges in the various fields between China and Saudi Arabia and provide the needed assistance for its development in China.

Prince Saud highly praised that the CPAFFC has made great contribution to enhancing the understanding and friendship between the Chinese people and people of the world, and safeguarding the world peace with the leadership of President Li Xiaolin. He said, SABIC attaches great importance to the Chinese market and has been doing business in China for over 30 years. It has set up factories in China cooperating with SINOPEC and founded special researching center in Shanghai.  SABIC would like to participate in and support the CPAFFC’s public welfare projects and people-to-people exchanges between the Chinese and Arabic people in various fields including youth, culture and education. He also invited President Li Xiaolin to visit Saudi Arabia at her convenient time.

CPAFFC Vice President Lin Yin attended the meeting.

SABIC ranked 205th in world’s top 500 published by Fortune. In world’s petrochemical business, SABIC ranks 1st in total assets and annul output. It now has 19 offices, 4 factories, 1 technical research center and over 2000 employees in Greater China.