Home  |  About GZ  |  Directory  |  Contact Us  |  Help Center
Government  |  Residents  |  Visitors  |  Business  
简体版   
City news
Guangzhou company to conduct first Sino-Saudi capacity cooperation project
Update: 2020-01-23     Source: Chinadaily.com.cn

SCI Group and Pan-Asia Group signed a strategic cooperation framework agreement in Jazan, Saudi Arabia on Jan 19 to set up the joint-venture Pan-Asia Science Group (Saudi Arabia) Co Ltd to promote the operation of the first capacity cooperation project between the two countries.

Pan-Asia PET Resin (Guangzhou) Co Ltd of Pan-Asia Group is a major chemicals company in Guangzhou Development District (GDD) and is the largest PET fiber manufacturer in Guangdong province.

The petrochemical and chemical fiber integration project will be put into operation by the end of October this year, producing downstream chemical products in Jazan that will be transported back to China to meet domestic industrial development needs.

The project will make full use of Saudi Arabia's rich petroleum resources and the project will be built in three phases with an overall investment of $4 billion. It is estimated that the project will bring 2,500 direct job opportunities to local residents.

It is expected that the project will encourage more Chinese companies to invest in Saudi Arabia and make more contributions to the capacity cooperation between the two countries.

SCI Group and Pan-Asia Group sign a strategic cooperation framework agreement in Jazan on Jan 19 to set up Pan-Asia Science Group (Saudi Arabia) Co Ltd for the first capacity cooperation project between two countries.


All materials marked with "source: English.gz.gov.cn" on this website (including but not limited to text, photographs, audio and video materials) are the copyrighted property of Guangzhou International (the official website of Guangzhou Municipality). Without prior authorization from Guangzhou International, any media, website, organization or individual shall not transmit, interlink, distribute or republish such materials in any form. Any media and website authorized to republish such materials shall mark them with "source: Guangzhou International (English.gz.gov.cn)". Infringement of these copyrights will result in legal action.

If you find out anything wrong with the information, links and the translation, please offer your comments by selecting the relative content with your mouse and holding "CTRL" and "ENTER" simultaneously. Thank you!
Copyright © 2010 The People`s Government of Guangzhou Municipality.All RightsReserved
Email: gzportal@gz.gov.cn ICP备案号: 粤ICP备2022092331号-1