SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. Sabic is the world’s 2nd largest diversified chemicals company, and its 88th largest public company overall*. Sabic Subsidiaries include the following companies
- Hadeed
- Ibn Sina
- Ibn Zahr
- Sadaf
- GAS
- Petrokemya Kemya, Ar-razi
- Al-Bayroni
- Yanpet
- Ibn Rushd
- Sharq
- Ibn Hayyan
- Safco
- Jubail United
- Tayf
- YANSAB
- SABTANK
- Saudi Kayan
- SABIC Europe
- SABIC Americas
- Scientific Design
- SABIC Innovative Plastics (formerly GE Plastics)
Just to give an example of the size of contracts awarded by Sabic's owned companies, Two months ago, in June 25 2012 (25/06/2012) Sabic Awards USD 3.4 Billion Contract to Daelim Industries, Technip and Tecnicas Reunidas. Sabic announced that one of its company, Al Jubail Petrochemical Company, known as Kemya, is a joint venture between Sabic and Exxon Chemical Arabia Company awarded an engineering, procurement and construction (EPC) contract worth USD 3.4 billion to Daelim Industries, Technip and Tecnicas Reunidas to build an elastomers plant. The three companies will build the plant in Jubail Industrial City and is expected to be completed by 2015.
