Dow committed to Middle East’s Solar Power Industry

The Dow Chemical Company today reiterated its commitment to the Middle East’s fast growing solar power industry as it prepares to exhibit its innovative range of solutions at the 2nd Annual Solar Arabia Summit 2012. The event takes place in Riyadh Sept. 16 and 17, 2012.
In line with its commitment to sustainability, Dow is bringing in next-generation solutions to the Middle East market to help harness the power of the sun and turn it into cost-effective energy to help address the region’s growing needs.
“We are committed to working closely with Saudi Arabia and the rest of the region to enable them to reach their long term national visions for solar energy,” said Zuhair Allawi, president of Dow Saudi Arabia. “As the region’s energy needs grow, countries are looking to adopt more sustainable solutions to address these needs, and are investing significantly into solar technologies. For instance, the Saudi government has already invested several billion dollars into nurturing a solar industry, and is aiming to make it a significant contributor to meeting the country’s Energy demand as well as a driver of economic growth. This is a great example of how solar power makes sustainable sense all around since it is not only good for the environment, but it is also good for the economy.”
Dow’s presence in the kingdom dates back 35 years.In 2009, Dow entered into a comprehensive R&D collaboration agreement with the King Abdullah University of Science and Technology (KAUST), the region’s leading graduate-level research university.
In October 2011, Dow and Saudi Aramco signed a joint venture agreement to form Sadara Chemical Company, a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City.