Air Products has been granted the investment license for a new industrial gases technology centre serving the Kingdom of Saudi Arabia/Middle East.
Chairman, President and CEO Seifi Ghasemi was among a select group of CEOs to participate in the Saudi-US CEO Forum, convened on Tuesday under the patronage of His Royal Highness Mohammed bin Salman Al Sa’ud, the Crown Prince of Saudi Arabia.
During the forum, Saudi Arabian General Investment Authority (SAGIA) Governor Ibrahim bin Abdul Rahman Al-Omar granted the investment license for Air Products’ previously announced industrial gases technology centre in the Dharan Techno Valley Science Park.
Announced back in September 2017, the centre will be a hub for the Tier One corporation to provide technology expertise as well as process safety, energy efficiency, reliability and operational excellence improvements in support of new industrial gas opportunities in the Kingdom and throughout the Middle East.
Developed under an agreement with the Dhahran Techno Valley Company, Air Products’ new technology centre is expected to be fully operational in 2019, developing local talent and industrial gas projects.
In a statement, Air Products said its strategic investments in Saudi Arabia also extend to complex project execution, evidenced by the its partnership with ACWA Holding to develop the world’s largest industrial gas complex serving Saudi Aramco’s refinery in Jazan. The complex, expected onstream in the company’s fiscal 2019, will supply 75,000 metric tons per day of oxygen (O2) and nitrogen (N2).