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U.S. – Saudi Business Opportunities Forum, October 2011

Dow Continues Commitments in Saudi Arabia

Sadara Interim Khalid A. Al-Falih, Saudi Aramco President and Chief Executive Officer and Andrew Liveris, Dow’s Chairman and Chief Executive Officer, sign the Joint Venture Shareholders’ Agreement for Sadara Chemical Company with distinguished guests.

The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) recently announced that the Boards of Directors of both companies have approved the formation of a joint venture (JV) to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia. The authorization for the new joint venture, named "Sadara Chemical Company", comes after an extensive project feasibility study and front-end engineering and design effort which began in 2007.

Dow has also recently announced plans to invest in a best-in-class manufacturing facility for DOW FILMTEC™ reverse osmosis (RO) elements in the Kingdom of Saudi Arabia. The proposed facility would deliver local supply security of cutting-edge technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide.