On September 24, China Building Materials Group and Saudi Aramco signed a five-year cooperation framework agreement with a view to sharing opportunities and seeking common development in the field of advanced materials and industrial development. Zhou Yuxian, Chairman of China Building Materials Group, and Amin Nasser, President and CEO of Saudi Aramco, attended the ceremony and witnessed the signing of the contract. Zhi Xiao, Assistant General Manager of China Building Materials Group, and Khalid Qatani, Senior Vice President of Saudi Aramco, signed the agreement on behalf of both sides. Yin Zibo, Chief Operating Officer of China Building Material Group and Chairman of Triumph Technology, Meng Qinglin, Chairman of China Material Energy Conservation, Yin Zhisong, Chairman of China Material International, and Zha Jinxiang, General Manager of Strategic Development Department (International Cooperation Department) of China Building Material Group attended the signing ceremony.
The two sides have agreed on a number of potential areas of cooperation, such as plans to set up a production base in Saudi Arabia to produce advanced non-metallic materials, low-carbon building materials, and the development of energy storage solutions. In addition, the two sides will set up a new training, inspection and certification center, and plan to build a joint technology research and development center and laboratory to jointly promote technological innovation.
Zhou Yuxian said that China Building Materials Group attaches great importance to strategic cooperation with Saudi Aramco, and this strategic cooperation agreement reflects the respective advantages of China Building Materials Group and Saudi Aramco, and seeks win-win cooperation. CNBM Group is committed to promoting the green and low-carbon transformation and development of the building materials industry, and this cooperation is conducive to giving full play to our advantages in low-carbon overall solutions in the field of non-metallic materials and helping Saudi Aramco transform and develop. The cooperation agreement also looks forward to the broad prospects for cooperation between the two sides, making positive contributions to green and low-carbon development, and further promoting friendly relations between China and Saudi Arabia. Saudi Aramco is eager to deepen cooperation with China Building Materials Group to achieve major breakthroughs in the field of material science, which are expected to bring tangible benefits to the construction industry and other related industries, said Ware Jafari, executive vice president of
Saudi Aramco Technical Services. The two sides will work to develop technical solutions to reduce carbon emissions in the construction industry, as well as innovative technologies to improve product quality and performance, and promote the transformation and upgrading of the material sector. With the business expertise of Saudi Aramco in the field of non-metallic materials and the industry wisdom of China Building Material Group, it grasps the pulse of the times, seeks new business opportunities in Saudi Arabia, and promotes the further development of material science and manufacturing capabilities.
This cooperation framework agreement is based on the existing mutually beneficial cooperation between the two sides, and is another cooperation after the establishment of the Center of Excellence and Innovation in Non-metallic Building Materials by China Building Materials Institute and Saudi Aramco in 2021.
