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Gathering in the Launch of the NIDLP to Welcome the Breakthrough of the Pan-Asia Saudi Project

Click:1189 Time:2019-01-28 00:00:00

-- Recording the Saudi National Industrial Development and Logistics Program Launch Event on January 28, 2019

On January 28, 2019, the Saudi National Industrial Development and Logistics Program Launch Event (NIDLP Launch Event), chaired by Saudi Crown Prince Mohammad bin Salman, was held in Riyadh. As a key and benchmark project in the production capacity cooperation between China and Saudi Arabia, the Pan-Asia Saudi Petrochemical and Chemical Fiber Integrated Project has received high attention from Saudi Arabia's national leaders and all sides. At the invitation of the Launch Event, Mr. Guan Lingxiang, Chairman of the Board of Pan-Asia PET Resin (Guangzhou) Co., Ltd., attended the welcome dinner on Jan. 27 and the meeting on Jan. 28. Entrepreneurs and investors from all sectors of China also attended the dinner and NIDLP Launch Event at the warm invitation of Chairman Guan Lingxiang and the Launch Event.

At the welcome banquet on Jan. 27, Chairman Guan Lingxiang and Mr. Guan Haitao, Executive Director of Pan-Asia PET Resin (Guangzhou) Co., Ltd., had dinner with Mr. Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia. The two sides had extensive and in-depth exchanges on the Pan-Asia Saudi Project, 

China-Saudi Arabia cooperation and Saudi Arabia's future investment and development. Minister Al-Falih spoke highly of the achievements made by the Pan-Asia Saudi Project and expressed great expectations for the prosperity of Saudi Arabia in the future.

Minister Al-Falih (third from left) had dinner with Chairman Guan Lingxiang and Mr. Guan Haitao


Chairman Guan Lingxiang (second from left), Mr. Guan Haitao (first from right), 

and Mr. Li Hongru (center), Managing Vice Mayor of Yinchuan City, had group photos with representatives of entrepreneurs at the banquet

Chairman Guan Lingxiang, Minister Al-Falih (first from left), Ibrahim Saad Almojel (second from right), Director General of the Saudi Industrial Development Fund (SIDF) took a photo at the dinner

At the NIDLP Launch Event on Jan. 28, Chairman Guan Lingxiang was warmly welcomed by Saudi Arabia's Crown Prince and senior leaders of Saudi ministries and committees. All sides had an in-depth exchange of views on the development of the Pan-Asia Saudi Project. In the presence of the Crown Prince and top leaders of Saudi ministries and committees, Chairman Guan Lingxiang, on behalf of Pan-Asia Saudi Company Limited, signed the most critical protocols and agreements with relevant sides, such as the long-term supply agreement of PX with Saudi Aramco, the project financing agreement with the Saudi Industrial Development Fund (SIDF) and the land lease agreement with Saudi Silk Road Industrial Services Co., Ltd., as well as the MOU on cooperation for the second phase of the project, marking a major breakthrough in the preparation of the Pan-Asia Saudi Project.


Chairman Guan Lingxiang, on behalf of Pan-Asia Saudi Company Limited, signed the long-term supply agreement of PX, the project financing agreement and the land lease agreement with Saudi Aramco, the SIDF and Saudi Silk Road Industrial Services Co., Ltd. respectively, as well as the MOU on cooperation of the second phase of the project at the NIDLP Launch Event


Chinese Ambassador to Saudi Arabia Li Huaxin (left), Vice Minister of Energy, Industry and Mineral Resources for Industry Abdulaziz A. AlAbdulkarim (center) took a photo with Chairman Guan Lingxiang (right) at the NIDLP Launch Event




Chairman Guan Lingxiang (front row, 7th from left) and Saudi Crown Prince Mohammad bin Salman (front row, 5th from left) posed for a group photo with leaders attending the NIDLP Launch Event



Saudi Crown Prince Mohammad bin Salman and Chairman Guan Lingxiang posed cordially for a photo at the NIDLP Launch Event

The Saudi NIDLP Launch Event was a milestone for both the commencement of the Pan-Asia Saudi Project and the friendly cooperation on production capacity between China and Saudi Arabia. The above key agreements signed at the Launch Event officially declared that the Pan-Asia Saudi Project has come to the countdown to construction. They have also paved the way for the successful groundbreaking ceremony of the Pan-Asia Saudi Petrochemical and Chemical Fiber Integrated Project on Jan. 29, 2019 and the official construction of the Pan-Asia Saudi Project, adding a wonderful stroke to the comprehensive implementation of China-Saudi Arabia production capacity cooperation! 

Links:Pan-Asia Saudi Co., Ltd. (http://www.panasia.com.sa)

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