JUBAIL INDUSTRIAL CITY, SAUDI ARABIA- Midland, MI-based Dow Chemical Co. and the Saudi Arabian Oil Co. announced earlier today that it is going ahead with four-year-old plans to build a $20-billion chemical plant here. The plant will comprise 26 manufacturing divisions creating products and plastics for the energy, transportation, infrastructure and consumer products industries, to capitalize on emerging markets such as China and the Middle East.

Dow is one of the world’s most well-known chemical companies. The Saudi firm, also known as Saudi Aramco, is owned by the Saudi government. The two firms are forming a venture called the Sadara Chemical Co. The name is an anagram, with “Sa” signifying Saudi Aramco, “d” standing for Dow, and “ara” for Arabia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.