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Pan-Asia and SCI Group Sign Strategic Framework Agreement

Click:461 Time:2020-01-19 00:00:00


On January 17, Mr. Wen Guohui, Mayor of Guangzhou, and Mr. Zhou Yawei, Party Secretary of the Guangzhou Development District (GDD) met with Mr. Abdullah Al-Saadan, President of the Royal Commission for Jubail and Yanbu, and Mr. Abdulhadi Aljuhani, CEO of the Royal Commission at Jazan. 

In the meeting, the two Chinese leaders stated the firm support from the Chinese government to the Pan-Asia Saudi Project. 



On January 17, Mr. Wen Guohui, Mayor of Guangzhou, and Mr. Zhou Yawei, Party Secretary of the Guangzhou Development District (GDD) met with Mr. Abdullah Al-Saadan, President of the Royal Commission for Jubail and Yanbu, and Mr. Abdulhadi Aljuhani, CEO of the Royal Commission at Jazan. 

In the meeting, the two Chinese leaders stated the firm support from the Chinese government to the Pan-Asia Saudi Project. 



In the evening, Mr. Wen Guohui and Mr. Zhou Yawei met with the Saudi Deputy Minister for Industry and Mineral Resources, the Deputy Governor of the Saudi Arabian General Investment Authority and the Vice President of the Saudi Investment Development Fund. Mr. Wen Guohui reaffirmed the support from the Chinese central government and Guangzhou municipal government to the Pan-Asia Saudi Project, and introduced the cooperation between Pan-Asia and Sinopec, as well as SCI Group, which is an entity under the State-Owned Assets Supervision and Administration Bureau of the GDD. The support and cooperation were acknowledged by the Saudi leaders present.



On January 19, Pan-Asia and SCI Group signed a strategic cooperation framework agreement to establish Pan-Asia SCI Group (Saudi Arabia) Co., Ltd. under the witness of Mr. Zhou Yawei and Mr. Abdulhadi Aljuhani. SCI Group will become a shareholder of the Pan-Asia Saudi Project to facilitate the construction and operation commencement of the Project. The two sides will complete the review and approval procedures and sign a joint venture agreement as soon as possible.


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

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